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Terms
History of Taxes
Public Goods and Services
Resources
Random
100
These are what the government collects from your paycheck.
What are income taxes?
100
One of the earliest taxes put on people in Russia was for this.
What are beards? (beehives, boots, souls)
100
Essential services provide goods and services for ALL or SOME citizens.
What is ALL citizens
100
This type of resource includes land, water, and oil.
What is a natural resource?
100
Taxes shift resources from what to what.
What is from individuals and businesses to the government.
200
The government uses some of your tax money to pay for these things the benefits ALL citizens.
What are public goods and services?
200
This caused the government to impose necessary taxes on citizens.
What is the American Revolution.
200
Name three things the government uses tax money to purchase.
What are roads, highways, schools, medical research, air craft carriers, defense, military
200
Resources are used to produce this.
What is public goods and services
200
Social security benefits only some people. Why?
What is because not everyone is entitled or qualified to receive social security benefits.
300
This is what we call money collected by the government from income taxes and borrowed money.
What is revenue?
300
This part of the government is responsible for taxing and collecting taxes.
What is Congress
300
Name three things the government transfers tax money towards.
What is social security, medicaid, unemployment, welfare payments
300
This type of resource includes people who work to produce goods and services.
What is a human resource?
300
Where do income taxes come from?
What is individuals who are employed.
400
These are factors needed to produce goods and services.
What are resources?
400
This agency is responsible for administering and enforcing tax payments and tax law.
What is the Internal Revenue Service (IRS)
400
When income taxes are taken out of an employees check, the employee has less of this.
What is income?
400
Capital resources include these types of production factor.
What are tools, machines, and factories?
400
What are the three things government does with tax money?
What is purchase goods and services, transfer payments to those who need it, pay interest on the debt.
500
These are the three types of resources that are used to produce goods and services.
What are natural, human, and capital.
500
Our country is currently in this state, meaning we owe a lot of money that we can't pay.
What is the national debt.
500
What does the government pay interest on?
What is the national debt
500
Resources are this, meaning there are never enough to meet every need or want.
What is limited?
500
Miss Monico's first name is this.
What is Julie?