economics finals p2

24問 • 2年前

問題一覧

What is the concept that grants the state the authority to impose taxes adequate for ensuring the protection and well-being of the people?

Police power

What does Republic Act No. 11953, signed into law on July 9, 2023, aim to achieve?

Condonation of loans, interests, penalties, and surcharges for ARBs

A mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.

Tax

Goods that provide extended use over time, such as automobiles, furniture, and appliances.

Durable goods

Saving through methods such as keeping cash at home or investing in physical assets like gold or jewelry.

Informal saving

_____ is a fundamental principle in the limitations on the power of taxation, stipulating that the authority to levy taxes resides with the legislative body and may not be delegated to any other branch of government.

NON-DELEGATION

_____ in taxation pertains to the practical aspects of tax collection and enforcement, including the design of tax laws, the efficiency of tax administration, and the compliance burden on taxpayers.

Administrative Feasibility

Government agencies are tax-exempt.

Exemption

What is Depreciation?

It is a fall in the external value of currency within a floating exchange rate system.

All of the following are effects of depreciation in the trade balance, except for one;

Increased Imports

Which of the following is significant in exchange rates?

Exchange rates serve as the fundamental connection between the domestic and international markets for goods, services, and financial assets.

Which of the following is not a type of Government Debt?

Import Debt

Which of the following is not a factor influencing Government Debt?

Prudent Debt Management Policies

All of the following describes the Government Debt, except one;

It is a crucial aspect of government finance and plays a central role in the accumulation.

An uncertainty of monetary policy lags, making it difficult for central banks to time their policy changes properly.

Time Delay

All of these are an expectation of monetary policy except:

Lag Effect

A monetary policy graph facilitates the management of liquidity and plays a crucial role in stabilizing interest rates.

Money Market Graph

What are the kinds of goods that are made and sold within the country and are typically intended for use by the country's residents?

Domestic

It is a part of income which is not spent.

Savings

A curve that describes the goods market downward sloping to the right, somewhat similar to the shape of the demand curve.

Investment Savings (IS)

The investment savings (IS) curve describes the money market; it is an upward slope to the right, somewhat similar to the shape of the supply curve.

Liquidity preference Money supply (LM)

What economy is defined as an economy that doesn’t interact freely?

Closed Economy

It occurs because it is the market in which people or firms use one currency to purchase another currency.

Forex Market

It is the market where exchange rates are determined and circulated

Foreign Exchange Market

economics finals

micaella · 100問 · 2年前