PLF & Economics Unit 2 test review (TX)
Quiz
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
Catherine Thornton
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which scenario provides the best example of regressive taxation?
A city implements a tax of 10% on luxury goods, targeting high-end items.
The federal government increases income tax for earnings over $100,000 annually.
State inheritance tax rates rise as the size of the estate increases.
D
City imposes a 3% property tax on homes, regardless of their market value.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A) To secure income and strategically influence consumption patterns, a city levies a luxury vehicle tax with rates increasing based on the car's value, ensuring fiscal stability.
B) To influence real estate transactions, a city enforces a stamp duty on property transfers, with rates increasing as property values increase.
These are examples of?
A) To secure income and strategically influence consumption patterns, a city levies a luxury vehicle tax with rates increasing based on the car's value, ensuring fiscal stability.
B) To influence real estate transactions, a city enforces a stamp duty on property transfers, with rates increasing as property values increase.
These are examples of?
regressive tax
progressive tax
flat tax
inheritance tax
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which BEST describes the problem that the Social Security Act was designed to solve?
to provide medical care to abandoned unicorns
social unrest and inequality
people wanted to safegaurd against misfortunes
People wanted decent homes to live in near their work
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The purpose of the Medicaid tax is to provide ...
(chose the best 2 answers)
state-sponsored medical care
retired workers with health insurance benefits
retired workers with health insurance benefits
long-term health services for people with disabilities
benefits to low-income families to ensure access to nutritious food
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a basic characteristic of all economic systems?
government price controls
Small business owners (entrepreneurs)
Distribution of goods and services
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following provides insurance to individuals over the age of 65, some individuals with disabilities and individuals with permanent kidney failure?
Self-insurance
Social Security
Medicare
Medicaid
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income Tax
Sales Tax
Property Tax
Payroll Tax
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