Fiscal Policy | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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Identify two benefits people may gain from a good education.

high income / high living standards, skills / high productivity / high efficiency, better health/better nutrition/avoidance of demerit goods

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Discuss whether or not a government can reduce unemployment without increasing inflation.

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Discuss whether or not a government subsidy on the export of sugar will help it achieve its macroeconomic aims.

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Discuss whether or not a tax on a product can reduce external costs.

tax will increase price, reducing the quantity demanded

Analyse why a cut in government spending might increase poverty.

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Identify two types of tax.

Direct (1) Indirect (1) Progressive (1) Proportional (1) Regressive (1)

Explain two reasons for a change in the amount of tax revenue a government receives.

Change in employment / wages / incomes, Change in spending, Change in demand, Change in profits for imports

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