Unit 4 - Fiscal Policy
Authored by Paul Gilheany
Other
9th - 12th Grade
Used 5+ times
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What types of goods and services do governments supply?
Imported goods and services
Public goods, merit goods, and welfare payments
Private goods and services
Luxury goods and services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential benefit of government spending on welfare schemes and benefits?
No impact on living standards
Stagnant living standards
Decreased living standards
Increased living standards
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of levying taxes on foreign goods entering the domestic market?
To reduce consumption of demerit goods
To manage the economy
To protect home industries
To fund public goods and services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a budget?
To allocate resources efficiently
To reduce government debt
To show government revenue and expenditure
To forecast economic growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can taxes be used as a tool for managing the economy?
To fund public goods and services
To protect home industries
To manage aggregate demand and supply
To reduce consumption of demerit goods
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do governments levy taxes?
To reduce consumption of demerit goods
To fund public goods and services
To manage the economy
To protect home industries
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of government spending?
Investment in education
Private investment in a new factory
Consumer spending on groceries
Donations to a charity
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