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QBA Concepts Re-test! You will copy these questions AND answers and you will study this to make a 100 Wednesday on the test. This is a 40% boost IF you.

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Presentation on theme: "QBA Concepts Re-test! You will copy these questions AND answers and you will study this to make a 100 Wednesday on the test. This is a 40% boost IF you."— Presentation transcript:

1 QBA Concepts Re-test! You will copy these questions AND answers and you will study this to make a 100 Wednesday on the test. This is a 40% boost IF you do it right. You did it before – you can do it again. 

2 Question #1 The type of tax we pay on our federal income is called a. a proportional tax b. a flat tax c. a regressive tax d. a progressive tax

3 Question #2 Who is helped most by inflation? a. people on a fixed income b. borrowers c. lenders d. teachers

4 Question #3 In which of the following types of economic systems would consumers have the most power? a. command b. traditional c. market d. mixed

5 Question #4 Who is hurt the most by inflation?
people on a fixed income borrowers government teachers

6 Question #5 Which of the following is MOST affected by a regressive sales tax? A. a married couple earning $250,000 a year B. a millionaire C. a single parent earning minimum wage D. a teacher earning $50,000 a year

7 Question #6 What fundamental questions relates more to consumer sovereignty? A. What services and goods will be produced? B. Where will services and goods be offered for sale? C. How will the system promote progress? D. How will services and goods be produced?


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