
Y10 Economics - C26 Fiscal Policy
Quiz
•
Business
•
9th - 12th Grade
•
Hard
Leong Chee Onn
FREE Resource
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13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a balanced budget mean?
The government spends more than it collects
The government collects more than it spends
The government manages to balance its revenues and spending
The government has no budget at all
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a reason for government spending?
To promote private businesses
To reduce government revenue
To provide essential services
To increase taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tax?
A government levy on income or expenditure
A form of investment
A type of government spending
A government subsidy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of tax is paid from the income of individuals?
Indirect tax
Sales tax
Direct tax
Value added tax
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is progressive taxation?
A tax system that does not exist
A tax system where higher earners pay a higher rate
A tax system where everyone pays the same rate
A tax system that charges lower rates for the wealthy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the principle of equity in taxation refer to?
Taxes should be convenient to pay
Taxes should be easy to collect
Taxes should be based on the taxpayer's ability to pay
Taxes should be flexible
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does taxation impact economic growth?
It can boost domestic spending through tax cuts
It always decreases economic growth
It only affects inflation
It has no effect on economic growth
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