Fiscal Policy: Taxes

Question 1

Under an expansionary taxation policy, the government tries to stimulate economic growth by

Revolt · Accepted Answer

reducing taxes.

Question 2

Which best explains how contractionary policies can hamper economic growth?

Revolt · Accepted Answer

They reduce disposable income.

Question 3

Which of these is most likely the US government’s aim in taxing imported goods?

Revolt · Accepted Answer

to protect domestic businesses

Question 4

proportionallyprogressivelyregressively

Revolt · Accepted Answer

proportionally

Question 5

This graph shows US government revenue and expenditures between 1980 and 2010.

Revolt · Accepted Answer

The government on average spends more than it collects.

Question 6

Which best describes how expansionary policies can facilitate economic growth?

Revolt · Accepted Answer

They increase disposable income.

Question 7

What gives the US government the power to collect taxes?

Revolt · Accepted Answer

the Constitution

Question 8

Property taxes are usually determined based on

Revolt · Accepted Answer

the value of the property.

Question 9

How is an excise tax different from a sales tax?

Revolt · Accepted Answer

An excise tax applies to specific products.

Question 10

Which programs or projects are most likely funded by taxes paid by the citizens of the United States? Select three options.constructing a highwaypublic school fundingdeveloping a vacation resortbuilding of private homesmaintaining state parks

Revolt · Accepted Answer

constructing a highway; public school funding; maintaining state parks

Fiscal Policy: Taxes Answers

More from this Course

TRY EDGENUITY HACKS