Module 4 Review (Economics)

Front

Which of the following is NOT an example of a public good or service? Schools, Roads, McDonald’s, Law Enforcement

Back

McDonald’s

Front

A tax on items sold by businesses

Back

Sales Tax

Front

A tax taken out of someone’s earnings

Back

Income Tax

Front

Loans the government takes from citizens

Back

Bonds

Front

A tax that landowners are required to pay

Back

Property Tax

Front

Tax rate decreases as income increases

Back

Regressive Tax System

Front

Tax rate is the same for all income

Back

Proportional Tax System

Front

Tax rate increases as income increases

Back

Progressive Tax System

Front

Which category of the federal budget accounts for the largest amount of government spending?

Back

Mandatory Spending

Front

Which of the following is NOT something that would be included in the mandatory spending category of the federal budget? Social Security, Medicare/Medicaid, Retirement plans for veterans and federal employees

Back

Defense