ECO372T Economics Sample Questions 1
Check your essay before you submit. See exactly what your professor sees.
See your AI and plagiarism results before your instructor does.Get the exact same report your professor uses. Trusted by 50,000+ students worldwide.
Question 1
Which of the following transactions best represents the government making a transfer payment to a household or business?
multiple choice
The federal government’s Supplemental Nutritional Assistance Program assists low-income families with purchasing food.
The federal government’s Internal Revenue Service hires extra accountants during the tax season to audit tax returns.
The state government’s Office of Motor Vehicles imposes an annual licensing fee for all in-state vehicles.
The local government’s Department of Parks and Recreation operates a local pool for residents in the summer.
Question 2
Which of the following descriptions is most representative of the mix of revenues and expenditures of the federal government?
multiple choice
Revenue is predominantly from property taxes but may include sales taxes or income taxes. Expenditures include investments in education and public welfare.
Revenue is predominantly from sales taxes and may include personal or corporate income taxes. Expenditures include investments in education and infrastructure.
Revenue is predominantly from income taxes and payroll taxes. Expenditures include income security and interest on the national debt.
Revenue is predominantly from excise taxes and property taxes. Expenditures include investments in infrastructure and national defense.
Question 3
How is the public debt calculated?
rev: 06_21_2018
Multiple Choice
By subtracting current government spending from current government tax revenues
By summing the annual government purchases over time
By subtracting the government’s total liabilities from its total assets
By summing the annual difference between tax revenues and government spending over the years
Question 4
Which of the following is not a significant source of revenue for the U.S. federal government?
Multiple Choice
Personal income taxes
Corporate income taxes
Property taxes
Payroll taxes
Question 5
Which one of the following is not an excise tax of the federal government?
Multiple Choice
Gasoline tax
General sales tax
Correct
Alcoholic beverage tax
Tobacco tax
Question 6
A federal budget deficit exists when federal government
Multiple Choice
taxation is decreasing in a given year.
spending is increasing in a given year.
assets are less than liabilities in a given year.
spending exceeds tax revenues in a given year.
Essay writing help – ECO372T Economics Sample Questions 1 Online Essay Writing Agency – Critical Assignment.
DO MY HOMEWORK NOW!Write my Essay. Premium essay writing services is the ideal place for homework help or essay writing service. if you are looking for affordable, high quality & non-plagiarized papers, click on the button below to place your order. Provide us with the instructions and one of our writers will deliver a unique, no plagiarism, and professional paper.
Get help with your toughest assignments and get them solved by a Reliable Custom Papers Writing Company. Save time, money and get quality papers. Buying an excellent plagiarism-free paper is a piece of cake!
All our papers are written from scratch. We can cover any assignment/essay in your field of study.
