As Kai's income increases, what happens to his tax rate?

Federal Revenue and Taxation Quiz

Quiz
•
Social Studies
•
12th Grade
•
Hard
Daniel Ahn
Used 3+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your marginal tax rate goes up
Your average tax rate rises
Both your marginal and average tax rates go up
Neither your marginal tax rate nor your average tax rate changes.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Hannah noticed that her local government is spending more money on public services than it collects in taxes each year. What is this annual shortfall in government revenues compared to government spending called?
Budget Deficit
National Debt
Loan Interest
Fiscal Crowding
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During a discussion in their economics class, Ethan and Zoe were debating which type of economic issue fiscal policy is generally more effective in addressing. What would be the most appropriate scenario?
Promoting sustainable economic development
Mitigating short-term declines in consumer spending
Addressing mismatches in job skills
Overcoming production bottlenecks
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When Ava deposits her money in a bank, where does the majority of that money go?
Banks keep it in a secure storage.
Banks transfer it to their central office.
Banks use it to provide loans.
Banks hand it over to the federal reserve.
Banks invest in promotional items like branded pens.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
During a class discussion on economics, Priya asked, "In the United States, which entity is responsible for monetary policy?"
U.S. Treasury
Federal Government
State Governments
Federal Reserve System
National Credit Union Administration
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Olivia is studying economic policies and wants to know which of the following goals is most consistent with contractionary monetary policy?
Reduce joblessness
Expand the money supply
Control rising prices
Boost economic growth
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Charlotte is studying the effects of different monetary policies in her economics class. She learns that expansionary monetary policy is most likely associated with:
Higher borrowing costs
Lower borrowing costs
Financial panics
Increased taxation
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