
7.3 Quiz
Authored by Israel Martinez
Social Studies
12th Grade
Used 2+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main types of government spending? (Government Spending)
Capital and operational spending
Domestic and international spending
Mandatory and discretionary spending
Public and private spending
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of gift taxes? (Paying for Government)
To encourage giving property away
To avoid paying estate taxes by giving away property before death
To increase federal revenue
To tax all gifts regardless of value
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a source of nontax revenue mentioned in the document? (Paying for Government)
Income tax
Sales tax
Entrance fees at national parks
Property tax
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who begins the creation of the federal budget? (The Budget Process)
Congress
The Senate
The President
The Supreme Court
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of increasing taxes, government spending, and borrowing money? (Fiscal and Monetary Policy)
Stabilizes the economy
Causes the economy to shift
Decreases inflation
Reduces unemployment
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does monetary policy involve altering? (Fiscal and Monetary Policy)
Tax rates
Trade tariffs
Amount of money in circulation and interest rates
Government spending
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the government spend and borrow each year? (Fiscal and Monetary Policy)
Less than it takes in
More than it takes in
A similar amount to what it takes in
Nothing
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