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