Search Header Logo

PLF & Economics Unit 2 test review (TX)

Authored by Catherine Thornton

Social Studies

12th Grade

Used 14+ times

PLF & Economics Unit 2 test review (TX)
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

28 questions

Show all answers

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?

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

Media Image

Income Tax

Sales Tax

Property Tax

Payroll Tax

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?