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Roles of Government

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.

Multiple Answers: Select all the roles and responsibilities of the government in an economy.

a)

Establish and Enforce Employment Laws

b)

Health Care

c)

Infrastructure

d)

Social Welfare

2.

Multiple Answers: Government usually provides "public goods". Select all the characteristics of a public good

a)

Costly

b)

Non-rivalrous

c)

Non-negotiable

d)

Non-excludable

3.

A fee levied by a government on a product, income or activity.

a)

Fine

b)

Penalty

c)

Price

d)

Tax

4.

Multiple Answers: Select all the purposes of taxation

a)

Raising revenue

b)

Redistribute Income

c)

To make imports cheaper

d)

Control spending

5.

Where do governments get most of their revenue from

a)

Fines

b)

Borrowing

c)

Capital receipts

d)

Tax

6.

Multiple Answers: Select all the ways government may redistribute income.

a)

Taxing those with higher income more

b)

Taxing those with lower income less or none

c)

Giving grants and subsidies to those of lower income

d)

Implementing a penalty for tax evasion

7.

The money that households have available for spending and saving after income taxes have been accounted for.

a)

Gross salary

b)

Taxable allowance

c)

Disposable personal income

d)

Pocket change

8.

Multiple Answers: Select all possible effects of a raise in taxes on an economy

a)

Increase the cost of living

b)

Slow down spending and the economy

c)

Reduction in DPI

d)

Reduce government revenue

9.

Multiple Answers: Select all of Adam Smith's principles of taxation.

a)

Evenly

b)

Equity

c)

Certainty

d)

Efficiency

e)

Convenience

10.

Multiple Answers: Select all of the direct taxes listed below.

a)

Personal income tax

b)

VAT

c)

Property tax

d)

Customs Duties

e)

Fines

11.

Multiple Answers: Select all of the indirect taxes listed below.

a)

Fines

b)

VAT

c)

Property tax

d)

Customs Duties

e)

Stamp duties

12.

Imposes a greater percentage of taxation on higher income levels

a)

Progressive Taxes

b)

Restrictional taxes

c)

Regressive Taxes

d)

Proportional Taxes

13.

Imposes a greater percentage of taxation on lower income levels

a)

Progressive Taxes

b)

Restrictional taxes

c)

Regressive Taxes

d)

Proportional Taxes

14.

What type of taxation is occurring here?

a)

Progressive Taxes

b)

Restrictional taxes

c)

Regressive Taxes

d)

Proportional Taxes

15.

Transfer of the tax burden by one on whom the tax is assessed to another

a)

Transformation

b)

Shifting

c)

Capitalizatipn

d)

Tax exemption