Business Structures — Unit test Answers

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Which of the following are taxes on income or wealth that individuals pay in the United States? Select three options.

property tax on a home

income earned from wages

sales tax on clothing

excise tax on gasoline

profits from investments

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How do consumers’ feelings about the economy help contribute to growth?

Positive consumer attitudes influence spending habits.

Positive consumer attitudes increase job prospects.

Positive consumer attitudes inspire increased production.

Positive consumer attitudes can end a depression.

Cost-push inflation occurs when

consumers begin purchasing more goods.

producers need more money to make and distribute goods.

the government prints more money and pushes prices up.

consumers have more money to spend on goods and services.

Which best describes why governments collect taxes?

to control the value of currency

to keep the government running

to ensure surplus funds

to fund government programs

When a government decides to limit the number of goods that can be sold to another nation, that government is creating

monetary policy.

trade policy.

fiscal policy.

regulatory policy.

[BLANK]

private

factor

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