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WorksheetsRoles of Government
Total questions: 15
Worksheet time: 10mins
Multiple Answers: Select all the roles and responsibilities of the government in an economy.
Establish and Enforce Employment Laws
Health Care
Infrastructure
Social Welfare
Multiple Answers: Government usually provides "public goods". Select all the characteristics of a public good
Costly
Non-rivalrous
Non-negotiable
Non-excludable
A fee levied by a government on a product, income or activity.
Fine
Penalty
Price
Tax
Multiple Answers: Select all the purposes of taxation
Raising revenue
Redistribute Income
To make imports cheaper
Control spending
Where do governments get most of their revenue from
Fines
Borrowing
Capital receipts
Tax
Multiple Answers: Select all the ways government may redistribute income.
Taxing those with higher income more
Taxing those with lower income less or none
Giving grants and subsidies to those of lower income
Implementing a penalty for tax evasion
The money that households have available for spending and saving after income taxes have been accounted for.
Gross salary
Taxable allowance
Disposable personal income
Pocket change
Multiple Answers: Select all possible effects of a raise in taxes on an economy
Increase the cost of living
Slow down spending and the economy
Reduction in DPI
Reduce government revenue
Multiple Answers: Select all of Adam Smith's principles of taxation.
Evenly
Equity
Certainty
Efficiency
Convenience
Multiple Answers: Select all of the direct taxes listed below.
Personal income tax
VAT
Property tax
Customs Duties
Fines
Multiple Answers: Select all of the indirect taxes listed below.
Fines
VAT
Property tax
Customs Duties
Stamp duties
Imposes a greater percentage of taxation on higher income levels
Progressive Taxes
Restrictional taxes
Regressive Taxes
Proportional Taxes
Imposes a greater percentage of taxation on lower income levels
Progressive Taxes
Restrictional taxes
Regressive Taxes
Proportional Taxes
What type of taxation is occurring here?
Progressive Taxes
Restrictional taxes
Regressive Taxes
Proportional Taxes
Transfer of the tax burden by one on whom the tax is assessed to another
Transformation
Shifting
Capitalizatipn
Tax exemption
