Lesson 16- B- The Role of the Government
Learning Goals: By the end of this lesson you will be able to
- Identify the most important sources of local, provincial, and federal government revenues and classify government spending by purpose.
- Identify the economic benefits of competition
Success Criteria: By the end of this lesson you will be able to
Understand the sources of government revenue and the benefits of competition.
You will also learn how to make an economic debate .
- progressive tax
- regressive tax
- proportional tax
- direct tax
- indirect tax
- personal income tax
- corporate income tax
- sales tax
- Goods and Services Tax (GST)
- Harmonized Sales Tax (HST)
- excise tax
- custom duty
- property tax
- mill rate
- brain drain
- When the government imposes a new tax on a product, who actually ends up paying this tax?
Students to complete this after you've finished all activities/tasks in today's lesson.
