To provide revenue to government for its operation and programs.
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Term1/16
Which of these is an example of a tax on wealth
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Definition1/16
Real estate tax
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Term1/16
What is the principle that justifies a regressive tax
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Definition1/16
The benefits-received principle justifies a regressive tax.
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Term1/16
Choose the pair of phrases that correctly completes this sentence taxes are charged while tariffs are charged
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Definition1/16
internally; on imports
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Term1/16
What does a budget reveal about a government
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Definition1/16
A budget reveals the spending plan for the fiscal year, as well
as the government's financial priorities and goals.
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Term1/16
What best explains the difference between a fixed currency and a floating currency
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The price of a floating currency is determined by the currency
exchange market while the price of a fixed currency is connected to
the price of some other commodity.
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Term1/16
An increase in the standard of living results from an increase in what
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Definition1/16
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation. Income
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Term1/16
Which of the following is one disadvantage for a company that goes public
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Definition1/16
The pressure to make profits is increased.
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Term1/16
What best states the difference between seed capital and startup capital
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Definition1/16
Seed capital is for research and planning while startup capital
is for operating expenses.
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Term1/16
What is one difference between government agencies anf government contractors
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Definition1/16
H
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Term1/16
Which of the following is a disadvantage of debt financing
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Definition1/16
Banks are usually unwilling to fund a business in its early
stages of development. Banks generally don't want to take the risk
that a business will fail and default on its debt obligations.
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Term1/16
Which ofthe following happens when a company goes public
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Definition1/16
It begins selling shares of stock in a public stock
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Term1/16
Which of the following accurately describes the effect of a situation of scarcity
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Definition1/16
Jjj
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Term1/16
What is an example of a labor law in economics
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Definition1/16
A restriction on when a union may call a strike
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Term1/16
Which of the following is an example of expansionary fiscal policy
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Definition1/16
cutting taxes
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Term1/16
Match each organization with its correct relationship to the government
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Definition1/16
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
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Cards in this guide (16)
What is the purpose of taxation
To provide revenue to government for its operation and programs.
Which of these is an example of a tax on wealth
Real estate tax
What is the principle that justifies a regressive tax
The benefits-received principle justifies a regressive tax.
Choose the pair of phrases that correctly completes this sentence taxes are charged while tariffs are charged
internally; on imports
What does a budget reveal about a government
A budget reveals the spending plan for the fiscal year, as well
as the government's financial priorities and goals.
What best explains the difference between a fixed currency and a floating currency
The price of a floating currency is determined by the currency
exchange market while the price of a fixed currency is connected to
the price of some other commodity.
An increase in the standard of living results from an increase in what
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation. Income
Which of the following is one disadvantage for a company that goes public
The pressure to make profits is increased.
What best states the difference between seed capital and startup capital
Seed capital is for research and planning while startup capital
is for operating expenses.
What is one difference between government agencies anf government contractors
H
Which of the following is a disadvantage of debt financing
Banks are usually unwilling to fund a business in its early
stages of development. Banks generally don't want to take the risk
that a business will fail and default on its debt obligations.
Which ofthe following happens when a company goes public
It begins selling shares of stock in a public stock
Which of the following accurately describes the effect of a situation of scarcity
Jjj
What is an example of a labor law in economics
A restriction on when a union may call a strike
Which of the following is an example of expansionary fiscal policy
cutting taxes
Match each organization with its correct relationship to the government