Question : Which of the following is a common source of revenue for state governments in the United States?

Option 1: Property taxes
 

Option 2: Sales taxes
 

Option 3: Income taxes

Option 4: All of the above

Question : The government agency responsible for preparing the federal budget in the United States is the:

Option 1: Federal Reserve
 

Option 2: Treasury Department
 

Option 3: Office of Management and Budget

Option 4: Internal Revenue Service

Question : Expansionary fiscal policy involves:

Option 1: Decreasing government spending and increasing taxes
  

Option 2: Increasing government spending and increasing taxes
  

Option 3: Decreasing government spending and decreasing taxes

Option 4: Increasing government spending and decreasing taxes

Question : Contractionary fiscal policy involves:

Option 1: Decreasing government expenditure and increasing taxes
 

Option 2: Increasing government expenditure and increasing taxes
  

Option 3: Decreasing government expenditure and decreasing taxes

Option 4: Increasing government expenditure and decreasing taxes

Question : What is the primary source of revenue for the federal government in the United States?

Option 1: Income tax

Option 2: Sales tax

Option 3: Property tax

Option 4: Estate tax