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Progressive tax,regressive tax,business cycle, fiscal policy,monetary policy

Quiz by SAIRA MOHAMED SHERIF

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17 questions
Show answers
  • Q1
    Which type of tax system increases the percentage of taxes paid as income increases?
    Flat tax
    Sales tax
    Progressive tax
    Regressive tax
    30s
  • Q2
    What type of policy involves adjusting interest rates to manage economic activity?
    Regressive tax
    Monetary policy
    Fiscal policy
    Progressive tax
    30s
  • Q3
    What term describes a tax system where lower-income earners pay a higher percentage of their income compared to higher-income earners?
    Corporate tax
    Progressive tax
    Proportional tax
    Regressive tax
    30s
  • Q4
    What is the term for the economic cycle that includes phases like expansion, peak, contraction, and trough?
    Business cycle
    Tax policy
    Monetary policy
    Fiscal policy
    30s
  • Q5
    Which policy involves government actions to influence the economy through changes in government spending and taxation?
    Monetary policy
    Business cycle management
    Fiscal policy
    Regressive tax system
    30s
  • Q6
    What is the primary goal of expansionary monetary policy?
    To reduce government spending
    To stimulate economic growth
    To increase taxation
    To control inflation
    30s
  • Q7
    Which of the following actions is typically part of contractionary fiscal policy?
    Implementing tax cuts
    Increasing government spending
    Increasing taxes
    Decreasing interest rates
    30s
  • Q8
    What economic phase follows a peak in the business cycle?
    Trough
    Contraction
    Recovery
    Expansion
    30s
  • Q9
    Which fiscal policy action involves government spending or taxation changes to influence economic activity?
    Expansionary fiscal policy
    Regressive tax increase
    Contractionary fiscal policy
    Monetary supply adjustment
    30s
  • Q10
    Which type of tax takes a larger percentage of income from low-income earners compared to high-income earners?
    Value-added tax
    Progressive tax
    Regressive tax
    Sales tax
    30s
  • Q11
    What is the purpose of monetary policy?
    To impose taxes on income
    To provide social security benefits
    To regulate government spending
    To control the money supply and interest rates
    30s
  • Q12
    Which type of tax is generally considered to have a smaller impact on low-income earners compared to high-income earners?
    Progressive tax
    Regressive tax
    Proportional tax
    Excise tax
    30s
  • Q13
    What is the effect of fiscal policy when the government increases spending during a recession?
    Stimulates economic growth
    Raises taxes
    Increases unemployment
    Decreases inflation
    30s
  • Q14
    Which of the following is an example of a regressive tax?
    Sales tax
    Income tax
    Corporate tax
    Property tax
    30s
  • Q15
    Which economic policy involves altering the supply of money and credit to achieve macroeconomic goals?
    Regulatory policy
    Fiscal policy
    Trade policy
    Monetary policy
    30s

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