問題一覧
1
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
2
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
3
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
4
Goods that provide extended use over time, such as automobiles, furniture, and appliances.
Durable goods
5
Saving through methods such as keeping cash at home or investing in physical assets like gold or jewelry.
Informal saving
6
_____ 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
7
_____ 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
8
Government agencies are tax-exempt.
Exemption
9
What is Depreciation?
It is a fall in the external value of currency within a floating exchange rate system.
10
All of the following are effects of depreciation in the trade balance, except for one;
Increased Imports
11
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.
12
Which of the following is not a type of Government Debt?
Import Debt
13
Which of the following is not a factor influencing Government Debt?
Prudent Debt Management Policies
14
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.
15
An uncertainty of monetary policy lags, making it difficult for central banks to time their policy changes properly.
Time Delay
16
All of these are an expectation of monetary policy except:
Lag Effect
17
A monetary policy graph facilitates the management of liquidity and plays a crucial role in stabilizing interest rates.
Money Market Graph
18
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
19
It is a part of income which is not spent.
Savings
20
A curve that describes the goods market downward sloping to the right, somewhat similar to the shape of the demand curve.
Investment Savings (IS)
21
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)
22
What economy is defined as an economy that doesn’t interact freely?
Closed Economy
23
It occurs because it is the market in which people or firms use one currency to purchase another currency.
Forex Market
24
It is the market where exchange rates are determined and circulated
Foreign Exchange Market