Exam (elaborations)
TEST BANK FOR PUBLIC FINANCE IN CANADA 2024 EDITION
- Module
- Institution
PUBLIC FINANCE IN CANADA 5TH EDITIONBY ROSEN,GAYER, SNODDON
[Show more]
Seller
Follow
Clayjohnson
Reviews received
Content preview
[TEST BANK]PUBLIC
FINANCEIN
CANADA 5TH
EDITION BY
ROSEN, GAYER,
SNODDON
, CHAPTER i1: iIntroduction ito iPublic iFinance iin
iCanada
Multiple iChoice
1. Public ifinance
A) is inot ilike ipublic ieconomics.
B) develops iprinciples ifor iunderstanding ithe ieconomic irole iof igovernment.
C) only iworks ifor ilocal iand istate igovernments.
D) is iall iof ithe
iabove.iAns: ib
2. A iregulatory ibudget iwould
A) provide ian iaccounting iof igovernment iregulation.
B) be idifficult ito icompute.
C) have ito ibe iattempted iunofficially.
D) be iall iof ithe
iabove.iAns: id
3. The ifederal igovernment
A) is ithe ilargest itaxing ientity iin ithe icountry.
B) is ionly iconcerned iwith iinternational iissues.
C) spends iheavily ion inet iinterest.
D) is iall iof ithe
iabove.iAns: ia
4. State iand ilocal igovernments ireceive ithe ilargest iamount iof irevenue ifrom
A) personal iincome itaxes.
B) property itaxes.
C) sales itaxes.
D) payroll
itaxes.iAns: ic
5. The ifederal igovernment igets imost iof iits irevenue ifrom
A) personal iincome itaxes.
B) property itaxes.
C) sales itaxes.
D) payroll
itaxes.iAns: ia
2024.com ion i06-19-2021 i19:03:11 iGMT i-05:00
https://www.2024.com/file/11447232/11/
, 6. In ia ipure imarket ieconomy,
A) there iis ino irole ifor igovernment.
B) government iintervention imight ibe ineeded.
C) large imarkets iwhere ipeople imeet ito ibuy iand isell iare irequired.
D) all iof ithe
iabove.iAns: ib
7. A igovernment igood ior iservice iincludes
A) bridges.
B) parks.
C) national idefense.
D) all iof ithe
iabove.iAns: id
8. Government ioutput iis ihard ito iaccount ifor ibecause igovernment
A) is iso ilarge.
B) provides igoods ithat ihave ino iresale ivalue.
C) keeps isecrets iabout iwhat iit iproduces.
D) goods iare igenerally inot isold ior iproduced iin ieasily imeasurable
iunits.iAns: id
9. Economists iwho istudy ithe irole iof igovernment iin ithe imarket
A) agree imostly ion ithe irole ithat ithe igovernment ishould iplay.
B) study ifor imarket iproblems ithat ithe igovernment imight ihelp isolve.
C) find ithat isupply iand idemand igraphs inever iwork ifor ithe igovernment.
D) do inone iof ithe
iabove.iAns: ib
10. Economics
A) started ias ia ibusiness iapplication
B) can inever ibe idefined.
C) is ithe istudy iof iunlimited iwants ibut ilimited iresources.
D) has ino i“real iworld”
irelevance.iAns: ic
11. Taxes
A) are imandatory ipayments.
B) are inecessary ifor ifinancing igovernment iexpenditures.
C) do inot idirectly irelate ito ithe ibenefit iof igovernment igoods iand iservices ireceived.
D) are iall iof ithe
iabove.iAns: id
2024.com ion i06-19-2021 i19:03:11 iGMT i-05:00
https://www.2024.com/file/11447232/11/
, 12. For ithe igovernment ito iprovide igoods iand iservices, icitizens
A) have ito icome ito ian iagreement iabout ihow imuch iis ineeded.
B) have ito iagree ion ia imethod iof ifinancing.
C) need ito ibe iinformed iabout ithe iopportunity icosts.
D) must ido iall iof ithe
iabove.iAns: id
13. Education iis
A) generally ifinanced iat ithe istate iand ilocal ilevel.
B) too iexpensive ifor ithe ifederal igovernment.
C) generally ifinanced iat ithe ifederal ilevel.
D) financed ion ia ivoluntary
ibasis.iAns: ia
14. Politics
A) play ino irole iin ipublic ifinance.
B) influence igovernment idecisions.
C) have ito ibe ifactored iinto ieconomic idecision imaking.
D) do iall iof ithe
iabove.iAns: id
15. Individuals
A) are itoo ismall ito imatter iin imacroeconomic idecision imaking.
B) need ito iparticipate iin ia idemocracy.
C) make iup ithe igovernment.
D) a iand ib.
E) b iand
ic.iAns: ie
16. The iunified ibudget iis
A) a ibudget ithat iincludes iall inations.
B) a idocument iwhich iitemizes iall ithe ifederal igovernment’s iexpenditures iand irevenues.
C) a idocument ithat iaccounts ifor iall ispending iby istates.
D) none iof ithe
iabove.iAns: ib
17. In i2009, ithe ifederal ibudget iwas ialmost
A) 1 imillion ipages ilong.
B) 17 ipages ilong.
C) 1,300 ipages ilong.
D) 500 ipages
ilong.
Ans: ic
True/False
2024.com ion i06-19-2021 i19:03:11 iGMT i-05:00
https://www.2024.com/file/11447232/11/
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Clayjohnson. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £13.02. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80630 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now