ECO 100 Week 8 Quiz.docx - Course Principles of Economics Test KNOWLEDGE CHECK 8 Started 9:50 AM Submitted 10:10 AM Due Date 9:00 AM Status Completed

ECO 100 Week 8 Quiz.docx - Course Principles of Economics...

This preview shows page 1 - 2 out of 5 pages.

Course Principles of Economics Test KNOWLEDGE CHECK 8 Started 2/20/19 9:50 AM Submitted 2/20/19 10:10 AM Due Date 2/25/19 9:00 AM Status Completed Attempt Score 40 out of 40 points Time Elapsed 19 minutes Instructions Check your understanding of this week’s key economic concepts by answering these ten multiple choice questions. You can do this quiz as many times as you’d like to keep improving your score. Results Displayed All Answers, Submitted Answers, Correct Answers Question 1 4 out of 4 points What do goods like gasoline, tobacco, and alcohol typically share in common? Selected Answer: They are all subject to government excise taxes. Answers: A progressive tax is imposed on each of them. A regressive tax is imposed on each of them. They are all subject to government excise taxes. They are all subject to government fiscal taxes. Question 2 4 out of 4 points When inflation begins to climb to unacceptable levels in the economy, the government should: Selected Answer:
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read all 5 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture