AnswersHSA 26-27 EconomicsFiscal Policy: Taxes

Fiscal Policy: Taxes Answers

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1
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progressive✔ regressiveproportional

A
progressive
B
regressive
C
proportional
2
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more tax thanless tax than✔ the same tax as

A
more tax than
B
less tax than
C
the same tax as
3

✔ TonyJuanIsabel

A
Tony
B
Juan
C
Isabel
4

✔ TonyJuanIsabel

A
Tony
B
Juan
C
Isabel
5

✔ progressive regressive proportional

A
progressive
B
regressive
C
proportional
6

progressive regressive✔ proportional

A
progressive
B
regressive
C
proportional
7

✔ about $80 billionabout $280 billionabout $480 billion

A
about $80 billion
B
about $280 billion
C
about $480 billion
8

progressive taxes✔ income taxescorporate taxes

A
progressive taxes
B
income taxes
C
corporate taxes
9

Based on the information provided, what type of tax has Country Q implemented?

A
an income tax
B
a tariff
C
a corporate tax
D
an excise tax
10

Based on what you have read, what type of tax is Robert paying?

A
a tariff
B
a sales tax
C
an excise tax
D
a corporate tax
11

What action can the government of Country DF take to encourage citizens to purchase homes?

A
maintain corporate tax rates
B
raise income taxes
C
raise property tax rates
D
lower income taxes for homeowners
12

What are the most likely effects of this policy? Check all that apply.

A
Businesses will likely pay workers less.
B
Businesses will likely hire more workers.
C
Businesses will likely earn higher profits.
D
Businesses will likely invest less in the economy.
E
Businesses will likely invest more in the economy.
13

✔ RohanNikkitaAhmed

A
Rohan
B
Nikkita
C
Ahmed
14

higher✔ equal lower

A
higher
B
equal
C
lower
15

about $80 billionabout $280 billion✔ about $480 billion

A
about $80 billion
B
about $280 billion
C
about $480 billion
16

✔ property taxesregressive taxescorporate taxes

A
property taxes
B
regressive taxes
C
corporate taxes
17

What details did you discuss in your response? Check all that apply.

A
the difference between expansionary policy and contractionary policy
B
expansionary policies are used to stimulate the economy and reduce unemployment
C
contractionary polices are used to reduce economic growth and combat inflation
18

direct taxesproportional taxes✔ corporate taxes

A
direct taxes
B
proportional taxes
C
corporate taxes

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