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WorksheetsEcon - Unit 6 Fiscal Policy
Total questions: 17
Worksheet time: 9mins
Name
Class
Date
1.
Deregulation is when there are income subsidies paid by the government for people that meet government standards for poverty
a)
True
b)
False
2.
A flat tax is charging everyone the same percentage of their income for taxes
a)
True
b)
False
3.
Government payment for people’s medical care when they reach 65.
a)
Medicaid
b)
Medicare
4.
Government plans a budget that takes into account certain restrictions on spending
a)
Balanced Budget
b)
Budget Constraint
c)
Budget Surplus
d)
Budget Deficit
5.
Government plans to spend exactly the same amount as its income
a)
Budget Constraint
b)
Budget Deficit
c)
Balanced Budget
d)
Budget Surplus
6.
Government takes money from one group and gives it to another group, usually it means taking from the rich to help the poor. Social Security is an example that moves money from those who are working to those who have retired.
a)
Subsidy
b)
Transfer Payment
c)
Entitlement Program
d)
Regressive
7.
Government payments to people or businesses to encourage them to do something
a)
Subsidy
b)
Transfer Payment
c)
Entitlement Program
d)
Regressive
8.
Which term means the money the national government gets from all types of taxes?
a)
Fiscal Policy
b)
Regressive Tax
c)
Expenditure
d)
Federal Tax Revenue
9.
Which of the following programs is NOT an entitlement program
a)
Medicare
b)
Space Program
c)
Medicaid
d)
Social Security
10.
The president wants to make homes more energy efficient. So, he sets up a program where home owners can apply for low interest loans to make their homes more efficient. This is an example of which of the following terms?
a)
Subsidy
b)
Income Redistribution
c)
Public Welfare
d)
Transfer Payment
11.
Which social goal might the government want to achieve when they cut everyone’s taxes?
a)
Security
b)
Safety
c)
Growth
d)
Equity
12.
This kind of tax takes more from the poor than the rich?
a)
Estate
b)
Income
c)
Regressive
d)
Progressive
13.
Robin Hood stole from the rich and gave to the poor. When the government does the same thing, it is called?
a)
Deregulation
b)
Redistribution of Income
c)
Flat Tax
d)
Regressive Tax
14.
Public Welfare means income subsidies paid by the government for people that meet government standards for poverty
a)
True
b)
False
15.
Fiscal policy is the Federal Reserve's policies to control the money supply
a)
True
b)
False
16.
Rules for a business or industry set by the government
a)
Deregulation
b)
Transfer Payment
c)
Regulations
d)
Worker's compensation
17.
Entitlement programs are...
a)
supplemental income given to people or groups who the government thinks deserve additional help.
b)
Charging everyone the same percentage of their income for taxes
c)
Costs paid out by the government
d)
The study of the larger economy including government spending and taxing
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