If a government has a macro-economic policy objective of expanding the

____ taxes are collected by the Revenue authority from a business, which attempts to pass on the tax to consumers in the price of goods.Which word correctly completes this statement?

A

Progressive

B

Direct

C

Indirect

Which of the following is associated with a negative Public Sector Net Cash Requirement?

A

The government is running a budget deficit.

B

The government's expenditure exceeds its income

C

The government is running a budget surplus

D

Public Sector Debt Repayment (PSDR) is high.

Which of the following is not an element of fiscal policy?

A

Government spending

B

Government borrowing

C

Taxation

D

Exchange rates

For demographic purposes, which of the following is not a variable in the identification of social class?

A

Income level

B

Lifestyle

C

Occupation

D

Education

Which of the following would be identified as a cultural trend?

A

Health and safety legislation

B

Concern with health and diet

C

Increasing age of the population