CE.13a-c Quiz

Taxes and borrowed funds are two ways that the government provides -

• vacations.

• news conferences.

• public goods and services.

• bonuses.

National Defense, Public Safety Officers, and the Postal Service are all examples of -

• goods and services provided by the government.

• private businesses that serve our communities.

• goods and services we pay for on an as needed basis.

• private businesses that are owned by individuals.

Select all of the ways governments pay for public goods and services.

• taxes

• donations

• fees

• fines

• borrowing

How does the government promote and encourage competition in the U.S.?

(Select all answers that apply.)

• Establish and enforce antitrust legislation

• Enact policies that encourage global trade

• Tax incomes of citizens

• Support business start-ups

• Provide public goods and services

Which tax is a main source of revenue for the federal government?

• sales tax

• property tax

• income tax

What are two key sources revenue for state governments? (Select 2.)

• sales tax

• property tax

• income tax

What are two key sources revenue for local governments? (Select 2.)

• sales tax

• property tax

• income tax

Which is a tax on individuals and businesses, based on income received?

• sales tax

• property tax

• income tax

Which is a tax levied on land, buildings, boats, and cars?

• sales tax

• property tax

• income tax

Which is a tax consumers pay on items they purchase?

• sales tax

• property tax

• income tax