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