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Public Finance in Canada 5th Edition by Harvey S Rosen - Test Bank
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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Public finance 1)
A) develops principles for understanding the government's taxing and spending
activities.
B) is not like public economics.
C) only works for local and provincial governments.
D) all of these answer options are correct.
Answer: A
2) Key areas of provincial responsibility include 2)
A) education. B) welfare.
C) health. D) all of these answers are correct.
Answer: D
3) ________ are exclusively the domain of provincial and local governments, and the 3)
federal government does not receive any revenue from this source.
A) Sales taxes B) Property taxes
C) Personal income taxes D) Payroll taxes
Answer: B
4) In 2009, provincial and local governments received the largest amount of revenue from 4)
A) property taxes. B) payroll taxes.
C) sales taxes. D) personal income taxes.
Answer: D
5) In 2009, the federal government received most of its revenue from 5)
A) personal income taxes. B) property taxes.
C) payroll taxes. D) sales taxes.
Answer: A
6) The federal government accounts for ________ of government spending at all levels. 6)
A) most B) two-thirds C) one-third D) half
Answer: C
7) At the end of fiscal year 2014, the federal government's net public debt was around 7)
A) $682 thousand. B) $682 trillion.
C) $682 million. D) $682 billion.
Answer: D
1
, 8) Complications in the computation of government expenditures arise because 8)
A) government is so large.
B) accounting decisions affect the outcome.
C) secrets are kept about what is spent.
D) government provides goods that have no resale value.
Answer: B
9) In evaluating changes in the growth of government, economists take into account 9)
A) inflation. B) population growth.
C) size of the economy. D) all of these answers are correct.
Answer: D
10) If the size of government triples but at the same time the economy doubles, then the 10)
relative size of government has
A) no relevance. B) remained constant.
C) shrunk. D) grown.
Answer: D
11) In 2009, ________ represented the largest portion of total government (all levels of 11)
government) spending
A) education B) social services
C) health D) protections of persons and property
Answer: B
12) Education is 12)
A) financed on a voluntary basis.
B) generally financed at the federal level.
C) generally financed at the provincial and local level.
D) too expensive for the federal government.
Answer: C
13) Ideology is by itself ________ to determine whether any particular economic 13)
intervention should be undertaken.
A) all that is needed B) irrelevant
C) sufficient D) insufficient
Answer: D
14) Over time, the economic role of government has 14)
A) remained constant. B) grown tremendously.
C) declined significantly. D) been too small to matter.
Answer: B
2
, 15) The federal budget is presented ________ outlining anticipated changes in tax and 15)
spending.
A) every 4 years with the election of a new government
B) several times throughout the year
C) every time there is a tax change
D) each year
Answer: D
16) Hidden costs to government include 16)
A) tax expenditures. B) accounting costs.
C) direct expenditures. D) none of these answers is correct.
Answer: A
17) Health care has become an increasingly large portion of total government spending, due 17)
in part to an aging population.
A) True B) False C) Uncertain
Answer: A
18) A very small portion of government expenditures is financed by taxes. 18)
A) True B) False C) Uncertain
Answer: B
19) In 2009, federal spending on protection of persons and property (which includes national 19)
defence) was larger than federal spending on health.
A) True B) False C) Uncertain
Answer: A
20) Government bills to tax and to spend must originate in the Senate. 20)
A) True B) False C) Uncertain
Answer: B
21) The federal government is required to finance all its expenditures by taxation. 21)
A) True B) False C) Uncertain
Answer: B
22) The provincial role in public finance in Canada has grown significantly relative to that of 22)
the federal government.
A) True B) False C) Uncertain
Answer: A
23) The Constitution Act has provisions for local governments' taxing and spending powers. 23)
A) True B) False C) Uncertain
Answer: B
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