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Master the Basics of Public Finance and Fiscal Policy with this Quiz!

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Master the Basics of Public Finance and Fiscal Policy with this Quiz!

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Questions and Answers

Public Finance is a branch of ______

economics

Fiscal policy is the use of government spending and taxation to influence the ______

economy

Components of Fiscal Policy Government ______ policy- government gets its funds

revenue

Government ______ policy- allocates its revenue among different uses

expenditures Signup and view all the answers

Debt management ______- manages the public debt

policy Signup and view all the answers

Which of the following is NOT a component of fiscal policy?

Monetary policy Signup and view all the answers

What is the primary purpose of taxation?

To raise revenues Signup and view all the answers

What is the nature and scope of the power of taxation?

Comprehensive and unlimited Signup and view all the answers

What is the relationship between taxation and the government's existence?

Life blood theory Signup and view all the answers

What is tax policy?

An integral part of fiscal policy Signup and view all the answers