A) Reducing competition B) Provision of public goods and services C) Generating revenue D) Maximizing profit
A) Property tax B) Income tax C) Sales tax D) Progressive tax
A) Balancing the budget annually B) When government saves surplus revenue C) When government spending exceeds revenue D) Generating additional revenue
A) Relationship between tax rates and government revenue B) Inflationary pressures C) Interest rate fluctuations D) Foreign aid expenditure
A) Revenue, expenditure, and deficit/surplus B) Corporate profits, expenses, and dividends C) Stock market indices, exchange rates, and bond yields D) Gross domestic product, inflation rate, and employment rate
A) Tax on income B) Tax on specific goods like alcohol and tobacco C) Tax on imports D) Tax on property ownership
A) Privatization of public services B) Centralization of public services under one government agency C) Decentralization of public services to the lowest level of government D) Globalization of public services
A) Tax on property ownership B) Tax on goods and services C) Tax on profit from the sale of assets D) Tax on income from employment
A) Tax evasion is for corporations, tax avoidance is for individuals B) Tax evasion is illegal, tax avoidance is legal C) Tax evasion is avoiding taxes, tax avoidance is delaying taxes D) Tax evasion is by wealthy people, tax avoidance is by middle class
A) Providing financial assistance and policy advice to countries B) Issuing currency C) Managing national budgets D) Regulating global trade agreements
A) Encourages tax evasion B) Increases government spending C) Leads to budget deficits D) Promotes economic growth and investment
A) Leads to inflation B) Increases government debt C) Sets out government priorities and resource allocation D) Promotes tax evasion
A) Increases taxes B) Reduces competition C) Leads to lower inflation D) Can stimulate economic activity and employment
A) Encouraging wealth accumulation for future generations. B) Ensuring current generations do not burden future generations with excessive debt. C) Tax breaks for young individuals. D) Giving higher priority to the welfare of older generations. |