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