Tax Expenditures

question 40

Multiple Choice

Tax expenditures

• A)were declared unconstitutional by the Supreme Court in 2015.
• B)have no impact on the revenue coming in to the national treasury each year.
• C)cost the national treasury over $1.2 trillion in foregone revenues each year.
• D)contribute over $1.2 trillion in revenue to the national treasury each year.

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Definitions:

Benchmarks

Standards or points of reference against which things may be compared or assessed.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Critical Evaluator

Someone skilled in assessing situations, ideas, or projects thoroughly and objectively to judge their worth or significance.