Taxes
what are taxes?
1. money collected by the state and local government
2. materials from nature used to produce goods and services
3. the total amount of goods and services that customers will buy at a certain price
1. money collected by the state and local government
when the supply is low and the demand is high the price will go...
1. up
2. down
1. up
which is true about an economy?
1. in the united states we have a free market economy which means we can freely buy and trade goods and services
2. it is the way that our government is divided into 3 separate branches
1. in the united states we have a free market economy which means we can freely buy and trade goods and services
which is tax money used for?
5. for movie theaters
6. for public schools
6. for public schools
which are a type of tax that citizens pay?
2. entertainment tax
5. property tax
200 FREE POINTS
200 FREE POINTS
when the supply is high and the demand is low the price will go...
1. up
2. down
2. down
which is true about an economy?
1. in a healthy economy the demand for goods and services is low
2. an economy is the way a country manages its money and resources to produce, buy and sell goods and services
2. an economy is the way a country manages its money and resources to produce, buy and sell goods and services
which is tax money used for?
3. for fast food restaurants
4. for firefighters and police officers
4. for firefighters and police officers
which is tax money used for?
2. for roads, tunnels, and bridges
5. for movie theaters
2. for roads, tunnels, and bridges
which are a type of tax that citizens pay?
3. pet tax
4. sales tax
4. sales tax
what does "demand" mean?
1. the money citizens pay the government based on their income
2. materials from nature used to produce goods and services
3. the total amount of goods and services that customers will buy at a certain price
3. the total amount of goods and services that customers will buy at a certain price
which is false about an economy?
1. in a healthy economy the demand for goods and services is low
2. an economy is the way a country manages its money and resources to produce, buy and sell goods and services
1. in a healthy economy the demand for goods and services is low
which is tax money used for?
1. to pay the salaries of government employees
3. for fast food restaurants
1. to pay the salaries of government employees
300 FREE POINTS
300 FREE POINTS
which are a type of tax that citizens pay?
1. income tax
2. entertainment tax
1. income tax
what does "supply" mean?
1. the workforce
2. the total amount of goods or services available for customers to buy
3. money collected by the state and local government
2. the total amount of goods or services available for customers to buy
which is false about an economy?
1. in the united states we have a free market economy which means we can freely buy and trade goods and services
2. it is the way that our government is divided into 3 separate branches
2. it is the way that our government is divided into 3 separate branches
which is tax money not used for?
1. to pay the salaries of government employees
2. for roads, tunnels, and bridges
3. for fast food restaurants
3. for fast food restaurants
which are not a type of tax that citizens pay?
2. entertainment tax
4. sales tax
2. entertainment tax
why do local, state, and national governments need to collect taxes?
1. to fund the roads, schools, police, fire, parks, and more.
2. to fund movie theaters and fast food restaurants.
1. to fund the roads, schools, police, fire, parks, and more.
Think about how Missouri's economy has changed throughout the years. How do Missourians make their money today?
1. farming
2. manufacturing
2. manufacturing
Think about how Missouri's economy has changed throughout the years. What did Missouri's economy depend on in the early 1900's?
1. farming
2. manufacturing
1. farming
which is tax money not used for?
4. for firefighters and police officers
5. for movie theaters
6. for public schools
5. for movie theaters
which are not a type of tax that citizens pay?
3. pet tax
5. property tax
3. pet tax