Asked by Anonymous
The citizens of a small city have been eager to see more green space in their environment. There are several abandoned lots that activists think could be turned into community gardens or parks for people to freely enjoy.
Use the passage to answer the question.
1. For the additional green spaces to be considered public services, what must be true? (1 point)
The local government uses tax money to create them. *
A national business provides funding for some of the spaces.
People who purchase season passes to the spaces get access.
Citizens hold a fundraiser to pay for the project.
2. What is one source of revenue for the federal government to pay for public goods and services? (1 point)
property taxes
sales taxes
income taxes *
excise taxes
3. What is one of the things the Federal Reserve System does? (1 point)
set income tax rates at the federal level
influence interest rates
decide who can open bank accounts *
give loans to bank customers
4. How might the government deal with a huge company that has no competitors and is charging customers high prices? (1 point)
break the company up into smaller competing firms **
fine the company based on its profits for a given year
force the company to pay taxes at a higher rate
assign a government agent to observe the company’s leadership
A new administration reforms a state’s tax code. Corporate tax was increased by 3%, allowing the value-added tax on consumer goods to be reduced by 5%. This had no net effect on the state budget as the two tax changes balanced each other out.
Use the passage to answer the question.
5. What is a likely effect of this change in tax policy? (1 point)
High-income people will choose to leave the state.*
Nonprofits will become a larger part of the economy.
Consumers in the state will choose to buy fewer things.
Financial institutions will be less likely to invest in the state’s companies
Use the passage to answer the question.
1. For the additional green spaces to be considered public services, what must be true? (1 point)
The local government uses tax money to create them. *
A national business provides funding for some of the spaces.
People who purchase season passes to the spaces get access.
Citizens hold a fundraiser to pay for the project.
2. What is one source of revenue for the federal government to pay for public goods and services? (1 point)
property taxes
sales taxes
income taxes *
excise taxes
3. What is one of the things the Federal Reserve System does? (1 point)
set income tax rates at the federal level
influence interest rates
decide who can open bank accounts *
give loans to bank customers
4. How might the government deal with a huge company that has no competitors and is charging customers high prices? (1 point)
break the company up into smaller competing firms **
fine the company based on its profits for a given year
force the company to pay taxes at a higher rate
assign a government agent to observe the company’s leadership
A new administration reforms a state’s tax code. Corporate tax was increased by 3%, allowing the value-added tax on consumer goods to be reduced by 5%. This had no net effect on the state budget as the two tax changes balanced each other out.
Use the passage to answer the question.
5. What is a likely effect of this change in tax policy? (1 point)
High-income people will choose to leave the state.*
Nonprofits will become a larger part of the economy.
Consumers in the state will choose to buy fewer things.
Financial institutions will be less likely to invest in the state’s companies
Answers
Answered by
Ms. Sue
I disagree with your answers for 3 and 5. The other three are right.
Answered by
Hello Ms. Sue
Hi Ms. Sue
Answered by
thx
1. a
2. c
3. b
4. a
5. d
2. c
3. b
4. a
5. d
Answered by
THX POO
@thx is right
Answered by
Anonymous
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Answered by
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Answered by
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Answered by
vic
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Answered by
failed
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Answered by
YO MAMAA
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Answered by
chimckem
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Answered by
chimckem
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Answered by
jj
thx is right 2022
Answered by
Izuku
hey jj im in Connexus too
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