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Jeopardy. Adam Smith. John Maynard Keynes. Types of taxes. Federal Taxes. Budgets/ spending. Q $100. Q $100. Q $100. Q $100. Q $100. Q $200. Q $200. Q $200. Q $200. Q $200. Q $300. Q $300. Q $300. Q $300. Q $300. Q $400. Q $400. Q $400. Q $400. Q $400. Q $500. Q $500.
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Jeopardy Adam Smith John Maynard Keynes Types of taxes Federal Taxes Budgets/ spending Q $100 Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200 Q $200 Q $200 Q $300 Q $300 Q $300 Q $300 Q $300 Q $400 Q $400 Q $400 Q $400 Q $400 Q $500 Q $500 Q $500 Q $500 Q $500 Final Jeopardy
$100 Question from taxes Federal taxes are this type, where the percentage paid is increased as income increases
$100 Answer from taxes Progressive Tax
$200 Question from taxes Equity, Simplicity, Certainty, Effiency
$200 Answer from taxes Characteristics of a good tax
$300 Question from taxes Employers take money out of your paycheck for tax purposes
$300 Answer from taxes Pay-as-you-earn/withholding
$400 Question from taxes Income, property, good, or service that is subject to a tax
$400 Answer from taxes Tax base
$500 Question from taxes Set amounts that you can subtract from your total income
$500 Answer from taxes Exemptions
$100 Question from tax types Tax on a good or service being sold
$100 Answer from tax types Sales tax
$200 Question from tax types Tax on a company’s profits
$200 Answer from tax types Corporate income tax
$300 Question from tax types Tax on imported goods
$300 Answer from tax types tariff
$400 Question from tax types Tax on the value of a deceased persons posessions
$400 Answer from tax types Estate tax
$500 Question from tax types Social Security and Medicare are both under this federal employment tax
$500 Answer from tax types FICA (Federal Insurance Contributions Act)
$100 Question from budget/debt When revenue exceeds expenditures
$100 Answer from budget/debt Budget Surplus
$200 Question from budget/debt Budget for day-to-day operations
$200 Answer from budget/debt Operating Budget
$300 Question from budget/debt Government must spend money on certain programs
$300 Answer from budget/debt Mandatory spending
$400 Question from budget/debt Budget for large projects
$400 Answer from budget/debt Capital budget
$500 Question from budget/debt When there isn’t a lot of money for people to invest in private businesses because the federal government borrows so much
$500 Answer from budget/debt Crowding-out effect
$100 Question from Smith Competition and selfishness guide the economy
$100 Answer from Smith Invisible hand
$200 Question from Smith Government should stay out of the economy
$200 Answer from Smith Laissez-faire
$300 Question from Smith Smith’s most famous book
$300 Answer from Smith Wealth of Nations
$400 Question from Smith The year Smith wrote his most famous book
$500 Question from Smith Smith’s book was written in response to this economic system where colonizers dominated the colonies
$500 Answer from Smith Mercantalism
$100 Question from Keynes Keynes spoke out against this treaty after WWI
$100 Answer from Keynes Treaty of Versailles
$200 Question from Keynes Using a Keynesian economic model, the New Deal sponsored huge building projects like this one
$200 Answer from Keynes Hoover Dam
$300 Question from Keynes Policy where the Government would increase demand in order to stimulate the economy
$300 Answer from Keynes Demand-side economics
$400 Question from Keynes The era/historical context when Keynes wrote his famous book
$400 Answer from Keynes The Great Depression (1936)
$500 Question from Keynes Famous book written by Keynes
