A) Maximizing profit B) Generating revenue C) Provision of public goods and services D) Reducing competition
A) Progressive tax B) Sales tax C) Income tax D) Property tax
A) When government saves surplus revenue B) Generating additional revenue C) Balancing the budget annually D) When government spending exceeds revenue
A) Interest rate fluctuations B) Foreign aid expenditure C) Relationship between tax rates and government revenue D) Inflationary pressures
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 evasion is by wealthy people, tax avoidance is by middle class 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 illegal, tax avoidance is legal
A) Tax on goods and services B) Tax on profit from the sale of assets C) Tax on income from employment D) Tax on property ownership
A) Centralization of public services under one government agency B) Globalization of public services C) Privatization of public services D) Decentralization of public services to the lowest level of government
A) Encourages tax evasion B) Increases government spending C) Promotes economic growth and investment D) Leads to budget deficits
A) Tax on property ownership B) Tax on specific goods like alcohol and tobacco C) Tax on income D) Tax on imports
A) Promotes tax evasion B) Sets out government priorities and resource allocation C) Increases government debt D) Leads to inflation
A) Regulating global trade agreements B) Managing national budgets C) Issuing currency D) Providing financial assistance and policy advice to countries
A) Reduces competition B) Leads to lower inflation C) Can stimulate economic activity and employment D) Increases taxes
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. |