Questions
questions 2
questions 3
100

Government spends money to provide what?

charity

Jobs for all citizens

Property

Goods and services

goods and services

100

What percent is the highest quintile taxed?

  1. 26.5%

  2. 25.5%

  3. 27.5%

  4. 20.5%

25.5%

100

What is an example of a corporation?

  1. walmart

  2. A donut shop owned by a married couple

  3. A small coffee shop 

  4. Two people working together

walmart

200

The government responds to inflation by?

  1. decreasing spending and decreasing taxes

  2. decreasing spending and raising taxes

  3. raising spending and lowering taxes

  4. increasing spending and increasing taxes

decreasing spending and raising taxes

200

What is a disadvantage of a sole proprietorship company?

  1. Owner must share control with a partner

  2. Owner controls the business

  3.  Owner has low start up costs

  4. Owner faces sole legal liability

owner faces sole legal liability 

200

 What is an advantage of a sole proprietorship company?

  1. Owner makes decisions alone

  2. Low cost to start

  3.  Owner has several stock holders

  4. Owner has legal liability

  5. 1 and 2

1 and 2

300

 What are programs that the government spends money on?

  1. Social security 

  2. Defense

  3. Medicare 

  4. Education

  5. All of the above

All

300

What percent is the top 1% taxed?

  1. 30.2%

  2. 32.2%

  3. 33.2%

  4. 31.2%

31.2%

400

Government pay for its spending with?

  1. Labor and imports

  2. Taxation and borrowing

  3. Foreign money

  4. Profit

Taxation and borrowing 

400

Who makes fiscal policy?

  1. The president and congress 

  2. The federal reserve

  3. the congress alone

  4.  the national bank

  5. All of the above

the president and congress

500

What percent is the lowest quintile taxed? 

  1. 4.1%

  2. 4.2%

  3. 4.3%

  4. 5.0%

4.3%

500

 The government responds to a recession by?

  1. increasing spending and increasing taxes

  2. Increasing spending and decreasing taxes

  3. Decreasing spending and decreasing taxes

  4.  Decreasing spending and increasing taxes

increasing spending and decreasing taxes

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