Trivia questions and answers, drawn fresh from the well

• Easy Easy difficulty.
• Taxes And Taxation

What tax is charged on a person’s net wealth rather than on income or spending?

Answer

Wealth tax

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• Easy Easy difficulty.
• Taxes And Taxation

What U.S. tax is imposed on estates after a person’s death?

Answer

Estate tax

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• Easy Easy difficulty.
• Taxes And Taxation

What U.S. payroll tax funds retirement and disability benefits under Social Security?

Answer

FICA tax

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• Intermediate Intermediate difficulty.
• Taxes And Taxation

Which country became the first to introduce a national carbon tax in 1990?

Answer

Finland

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• Intermediate Intermediate difficulty.
• Taxes And Taxation

Which economist gave his name to a proposed tax on international currency transactions?

Answer

James Tobin

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• Intermediate Intermediate difficulty.
• Taxes And Taxation

Which economist gave his name to a tax on activities that create harmful side effects, such as pollution?

Answer

Arthur Pigou

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• Intermediate Intermediate difficulty.
• Taxes And Taxation

Which 1944 international agreement created the IMF and World Bank and established a framework for postwar monetary cooperation?

Answer

Bretton Woods Agreement

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• Easy Easy difficulty.
• Taxes And Taxation

Which European Union tax is charged at each stage of production and distribution, with the final burden normally falling on consumers?

Answer

Value-added tax

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• Easy Easy difficulty.
• Taxes And Taxation

What annual tax on land and buildings is the main source of local-government revenue in many parts of the world?

Answer

Property tax

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• Easy Easy difficulty.
• Taxes And Taxation

Which U.S. constitutional amendment gave Congress clear power to tax individual incomes without apportioning the tax among states?

Answer

Sixteenth Amendment

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• Easy Easy difficulty.
• Supply And Demand

In economics, what condition occurs when quantity demanded exceeds quantity supplied at a given price?

Answer

Shortage

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• Intermediate Intermediate difficulty.
• Supply And Demand

In economics, what is a market called when many firms sell differentiated products but entry is relatively easy?

Answer

Monopolistic competition

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