Podcast
Questions and Answers
Which of the following is a criterion for a good tax system?
Which of the following is a criterion for a good tax system?
- Complexity
- Inefficiency
- Neutrality (correct)
- Unfairness
According to the principle of vertical equity, how should taxes be distributed among individuals?
According to the principle of vertical equity, how should taxes be distributed among individuals?
- Everyone should pay the same amount of taxes regardless of income.
- People with higher incomes should pay more taxes. (correct)
- People with higher incomes should pay lower taxes.
- Taxes should be based solely on wealth, not income.
What is the difference between tax avoidance and tax evasion?
What is the difference between tax avoidance and tax evasion?
- Tax avoidance and tax evasion are both legal.
- Tax avoidance and tax evasion are both illegal.
- There is no difference between tax avoidance and tax evasion.
- Tax avoidance is legal, while tax evasion is illegal. (correct)
Which type of tax is levied on transactions involving goods and services?
Which type of tax is levied on transactions involving goods and services?
According to the benefit principle, who should pay for government-provided goods and services?
According to the benefit principle, who should pay for government-provided goods and services?
Which type of tax takes a larger percentage of income from poorer individuals or households?
Which type of tax takes a larger percentage of income from poorer individuals or households?
What is the main instrument of fiscal policy according to the text?
What is the main instrument of fiscal policy according to the text?
Which of the following is NOT a main variable of fiscal policy according to the text?
Which of the following is NOT a main variable of fiscal policy according to the text?
During an economic recession, which of the following actions would be part of an expansionary fiscal policy according to the text?
During an economic recession, which of the following actions would be part of an expansionary fiscal policy according to the text?
Which of the following is a criterion for good taxes?
Which of the following is a criterion for good taxes?
What does the text state is the budget year in South Africa?
What does the text state is the budget year in South Africa?
What does the medium-term budget presented in October offer?
What does the medium-term budget presented in October offer?
Which of the following is NOT a component of the public sector?
Which of the following is NOT a component of the public sector?
What does the abbreviation 'SOEs' stand for in the context of the public sector?
What does the abbreviation 'SOEs' stand for in the context of the public sector?
Which of the following is NOT a reason for government intervention in the economy, according to the text?
Which of the following is NOT a reason for government intervention in the economy, according to the text?
Which of the following is a criterion for a good tax system, based on the information provided?
Which of the following is a criterion for a good tax system, based on the information provided?
What is the primary role of local government within the public sector?
What is the primary role of local government within the public sector?
Which of the following best describes the composition of the general government, according to the information provided?
Which of the following best describes the composition of the general government, according to the information provided?
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