Understanding Windfall Tax
6 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the purpose of a windfall tax?

  • To reduce income inequality in society
  • To discourage excessive profits in specific industries (correct)
  • To encourage businesses to invest in renewable energy
  • To provide financial support to small businesses
  • Which of the following events might trigger the imposition of a windfall tax?

  • Expansion of a company's charitable activities
  • Discovery of a new, highly profitable resource (correct)
  • Successful implementation of a company's cost-saving measures
  • Government subsidies for research and development
  • How does a windfall tax impact a company's profits?

  • It increases the company's market share
  • It reduces the excess profits earned by the company (correct)
  • It leads to higher investment in marketing and advertising
  • It promotes diversification of the company's product line
  • Which type of tax is imposed on oil, gases, and petroleum products?

    <p>Excise tax</p> Signup and view all the answers

    What is the primary purpose of the tax imposed on oil, gases, and petroleum products?

    <p>To generate government revenue</p> Signup and view all the answers

    Which of the following taxes is NOT imposed on oil, gases, and petroleum products?

    <p>Tariff tax</p> Signup and view all the answers

    More Like This

    Taxation and Tax Policy Quiz
    10 questions
    Public Finance Chapter 8: Taxation
    48 questions

    Public Finance Chapter 8: Taxation

    GutsyWildflowerMeadow6848 avatar
    GutsyWildflowerMeadow6848
    Use Quizgecko on...
    Browser
    Browser