Unit Test — Unit test Answers
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If expansionary taxation policies encourage growth, are they always appropriate to implement?
N
No, government services could encourage growth but other practices could be more effective based on the economic situation.Y
Yes, the private sector can easily and affordably replace all services and facilities cut by the government.N
No, the government is capable of providing many but not all services individuals and businesses need.Y
Yes, the government will still ensure that individuals and businesses continue to receive all necessary services.22
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The chart shows a cost-benefit analysis.
A
The EPA legislates and enforces more regulations that reap greater benefits than the other agencies.B
The EPA legislates and enforces food regulations that reap greater benefits than the other agencies.C
The EPA has a larger budget than the other agencies, and its employees work longer hours.D
The EPA is less efficient than the other agencies, and its employees spend more money.23
A sales tax is a type of
p
progressive tax.i
indirect tax.p
proportional tax.d
direct tax.24
This graph shows US government revenue and expenditures between 1980 and 2010.
T
The government spends less than it receives year over year.T
The government should produce more money to cover spending.T
The government on average spends more than it collects.T
The government needs to lower taxes to cover spending.25
A goal of financial regulatory agencies is to
A
prevent monopolies.B
enforce workplace safety.C
protect the environment.D
enforce food safety.Did you find these answers helpful?
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