[TEST BANK]
PUBLIC FINANCE
IN CANADA 5TH
EDITION BY
ROSEN, GAYER,
SNODDON
, CHAPTERh1:hIntroductionhtohPublichFinancehinhCana
da
MultiplehChoice
1. Publichfinance
A) ishnothlikehpublicheconomics.
B) developshprincipleshforhunderstandinghtheheconomichrolehofhgovernment.
C) onlyhworkshforhlocalhandhstatehgovernments.
D) ishallhofhthehabov
e.hAns:hb
2. Ahregulatoryhbudgethwould
A) providehanhaccountinghofhgovernmenthregulation.
B) behdifficulthtohcompute.
C) havehtohbehattemptedhunofficially.
D) behallhofhthehabov
e.hAns:hd
3. Thehfederalhgovernment
A) ishthehlargesthtaxinghentityhinhthehcountry.
B) ishonlyhconcernedhwithhinternationalhissues.
C) spendshheavilyhonhnethinterest.
D) ishallhofhthehabov
e.hAns:ha
4. Statehandhlocalhgovernmentshreceivehthehlargesthamounthofhrevenuehfrom
A) personalhincomehtaxes.
B) propertyhtaxes.
C) saleshtaxes.
D) payrollhtaxes
.hAns:hc
5. Thehfederalhgovernmenthgetshmosthofhitshrevenuehfrom
A) personalhincomehtaxes.
B) propertyhtaxes.
C) saleshtaxes.
D) payrollhtaxes
.hAns:ha
Thishstudyhsourcehwashdownloadedhbyh100000826082554hfromhCourseHero.comhonh06-19-
2021h19:03:11hGMTh-05:00
https://www.coursehero.com/file/11447232/11/
, 6. Inhahpurehmarketheconomy,
A) therehishnohrolehforhgovernment.
B) governmenthinterventionhmighthbehneeded.
C) largehmarketshwherehpeoplehmeethtohbuyhandhsellharehrequired.
D) allhofhthehabov
e.hAns:hb
7. Ahgovernmenthgoodhorhservicehincludes
A) bridges.
B) parks.
C) nationalhdefense.
D) allhofhthehabov
e.hAns:hd
8. Governmenthoutputhishhardhtohaccounthforhbecausehgovernment
A) ishsohlarge.
B) provideshgoodshthathhavehnohresalehvalue.
C) keepshsecretshabouthwhathithproduces.
D) goodsharehgenerallyhnothsoldhorhproducedhinheasilyhmeasurablehun
its.hAns:hd
9. Economistshwhohstudyhthehrolehofhgovernmenthinhthehmarket
A) agreehmostlyhonhthehrolehthaththehgovernmenthshouldhplay.
B) studyhforhmarkethproblemshthaththehgovernmenthmighthhelphsolve.
C) findhthathsupplyhandhdemandhgraphshneverhworkhforhthehgovernment.
D) dohnonehofhthehabov
e.hAns:hb
10. Economics
A) startedhashahbusinesshapplication
B) canhneverhbehdefined.
C) ishthehstudyhofhunlimitedhwantshbuthlimitedhresources.
D) hashnoh“realhworld”hrelevanc
e.hAns:hc
11. Taxes
A) arehmandatoryhpayments.
B) arehnecessaryhforhfinancinghgovernmenthexpenditures.
C) dohnothdirectlyhrelatehtohthehbenefithofhgovernmenthgoodshandhserviceshreceived.
D) arehallhofhthehabov
e.hAns:hd
Thishstudyhsourcehwashdownloadedhbyh100000826082554hfromhCourseHero.comhonh06-19-
2021h19:03:11hGMTh-05:00
https://www.coursehero.com/file/11447232/11/
, 12. Forhthehgovernmenthtohprovidehgoodshandhservices,hcitizens
A) havehtohcomehtohanhagreementhabouthhowhmuchhishneeded.
B) havehtohagreehonhahmethodhofhfinancing.
C) needhtohbehinformedhabouththehopportunityhcosts.
D) musthdohallhofhthehabov
e.hAns:hd
13. Educationhis
A) generallyhfinancedhaththehstatehandhlocalhlevel.
B) toohexpensivehforhthehfederalhgovernment.
C) generallyhfinancedhaththehfederalhlevel.
D) financedhonhahvoluntaryhbasi
s.hAns:ha
14. Politics
A) playhnohrolehinhpublichfinance.
B) influencehgovernmenthdecisions.
C) havehtohbehfactoredhintoheconomichdecisionhmaking.
D) dohallhofhthehabov
e.hAns:hd
15. Individuals
A) arehtoohsmallhtohmatterhinhmacroeconomichdecisionhmaking.
B) needhtohparticipatehinhahdemocracy.
C) makehuphthehgovernment.
D) ahandhb.
E) bhandhc
.hAns:he
16. Thehunifiedhbudgethis
A) ahbudgeththathincludeshallhnations.
B) ahdocumenthwhichhitemizeshallhthehfederalhgovernment’shexpenditureshandhrevenues.
C) ahdocumenththathaccountshforhallhspendinghbyhstates.
D) nonehofhthehabov
e.hAns:hb
17. Inh2009,hthehfederalhbudgethwashalmost
A) 1hmillionhpageshlong.
B) 17hpageshlong.
C) 1,300hpageshlong.
D) 500hpageshlong
.
Ans:hc
True/False
Thishstudyhsourcehwashdownloadedhbyh100000826082554hfromhCourseHero.comhonh06-19-
2021h19:03:11hGMTh-05:00
https://www.coursehero.com/file/11447232/11/
PUBLIC FINANCE
IN CANADA 5TH
EDITION BY
ROSEN, GAYER,
SNODDON
, CHAPTERh1:hIntroductionhtohPublichFinancehinhCana
da
MultiplehChoice
1. Publichfinance
A) ishnothlikehpublicheconomics.
B) developshprincipleshforhunderstandinghtheheconomichrolehofhgovernment.
C) onlyhworkshforhlocalhandhstatehgovernments.
D) ishallhofhthehabov
e.hAns:hb
2. Ahregulatoryhbudgethwould
A) providehanhaccountinghofhgovernmenthregulation.
B) behdifficulthtohcompute.
C) havehtohbehattemptedhunofficially.
D) behallhofhthehabov
e.hAns:hd
3. Thehfederalhgovernment
A) ishthehlargesthtaxinghentityhinhthehcountry.
B) ishonlyhconcernedhwithhinternationalhissues.
C) spendshheavilyhonhnethinterest.
D) ishallhofhthehabov
e.hAns:ha
4. Statehandhlocalhgovernmentshreceivehthehlargesthamounthofhrevenuehfrom
A) personalhincomehtaxes.
B) propertyhtaxes.
C) saleshtaxes.
D) payrollhtaxes
.hAns:hc
5. Thehfederalhgovernmenthgetshmosthofhitshrevenuehfrom
A) personalhincomehtaxes.
B) propertyhtaxes.
C) saleshtaxes.
D) payrollhtaxes
.hAns:ha
Thishstudyhsourcehwashdownloadedhbyh100000826082554hfromhCourseHero.comhonh06-19-
2021h19:03:11hGMTh-05:00
https://www.coursehero.com/file/11447232/11/
, 6. Inhahpurehmarketheconomy,
A) therehishnohrolehforhgovernment.
B) governmenthinterventionhmighthbehneeded.
C) largehmarketshwherehpeoplehmeethtohbuyhandhsellharehrequired.
D) allhofhthehabov
e.hAns:hb
7. Ahgovernmenthgoodhorhservicehincludes
A) bridges.
B) parks.
C) nationalhdefense.
D) allhofhthehabov
e.hAns:hd
8. Governmenthoutputhishhardhtohaccounthforhbecausehgovernment
A) ishsohlarge.
B) provideshgoodshthathhavehnohresalehvalue.
C) keepshsecretshabouthwhathithproduces.
D) goodsharehgenerallyhnothsoldhorhproducedhinheasilyhmeasurablehun
its.hAns:hd
9. Economistshwhohstudyhthehrolehofhgovernmenthinhthehmarket
A) agreehmostlyhonhthehrolehthaththehgovernmenthshouldhplay.
B) studyhforhmarkethproblemshthaththehgovernmenthmighthhelphsolve.
C) findhthathsupplyhandhdemandhgraphshneverhworkhforhthehgovernment.
D) dohnonehofhthehabov
e.hAns:hb
10. Economics
A) startedhashahbusinesshapplication
B) canhneverhbehdefined.
C) ishthehstudyhofhunlimitedhwantshbuthlimitedhresources.
D) hashnoh“realhworld”hrelevanc
e.hAns:hc
11. Taxes
A) arehmandatoryhpayments.
B) arehnecessaryhforhfinancinghgovernmenthexpenditures.
C) dohnothdirectlyhrelatehtohthehbenefithofhgovernmenthgoodshandhserviceshreceived.
D) arehallhofhthehabov
e.hAns:hd
Thishstudyhsourcehwashdownloadedhbyh100000826082554hfromhCourseHero.comhonh06-19-
2021h19:03:11hGMTh-05:00
https://www.coursehero.com/file/11447232/11/
, 12. Forhthehgovernmenthtohprovidehgoodshandhservices,hcitizens
A) havehtohcomehtohanhagreementhabouthhowhmuchhishneeded.
B) havehtohagreehonhahmethodhofhfinancing.
C) needhtohbehinformedhabouththehopportunityhcosts.
D) musthdohallhofhthehabov
e.hAns:hd
13. Educationhis
A) generallyhfinancedhaththehstatehandhlocalhlevel.
B) toohexpensivehforhthehfederalhgovernment.
C) generallyhfinancedhaththehfederalhlevel.
D) financedhonhahvoluntaryhbasi
s.hAns:ha
14. Politics
A) playhnohrolehinhpublichfinance.
B) influencehgovernmenthdecisions.
C) havehtohbehfactoredhintoheconomichdecisionhmaking.
D) dohallhofhthehabov
e.hAns:hd
15. Individuals
A) arehtoohsmallhtohmatterhinhmacroeconomichdecisionhmaking.
B) needhtohparticipatehinhahdemocracy.
C) makehuphthehgovernment.
D) ahandhb.
E) bhandhc
.hAns:he
16. Thehunifiedhbudgethis
A) ahbudgeththathincludeshallhnations.
B) ahdocumenthwhichhitemizeshallhthehfederalhgovernment’shexpenditureshandhrevenues.
C) ahdocumenththathaccountshforhallhspendinghbyhstates.
D) nonehofhthehabov
e.hAns:hb
17. Inh2009,hthehfederalhbudgethwashalmost
A) 1hmillionhpageshlong.
B) 17hpageshlong.
C) 1,300hpageshlong.
D) 500hpageshlong
.
Ans:hc
True/False
Thishstudyhsourcehwashdownloadedhbyh100000826082554hfromhCourseHero.comhonh06-19-
2021h19:03:11hGMTh-05:00
https://www.coursehero.com/file/11447232/11/
