Public Sector and Fiscal Policy

Which one shows relative size of the public sector in the economy?

Which information can be obtained by looking at the size of a public sector in an economy?

After the Great Depression of 1929 which of the following took over in almost all countries' economic policies?

What is the idea behind liberal approach in economy?

• The ownership of the factors of production and the organization of economic activities for social welfare should be left to the collective society’s initiative.
• Production should be regulated by central planning in line with the needs of society.
• The state should organize production for society’s needs, not private entrepreneurs for profit.
• There is no room for private property and private entrepreneurship in understanding the social state, causing abuse of people.

 Which of the following state has the features listed above?

Which of the following consists of essential public services spending such as administration, legislative, security, justice, and defense services?

Which of the following includes purchases of machinery, equipment, and vehicles, as well as construction, plant, and repair expenses?

Which of the spending had the largest share in the budget until 1970s, its share gradually decreased over the years and finally has fallen below education expenditures since 2003?

Which of the following is the tool to reach objectives such as increasing savings and capital accumulation, encouraging economic growth, and ensuring fair income distribution?

Which of the following

• was enacted with Law No. 4760,SCT is an indirect tax, such as VAT, that is required for EU harmonization laws.
• has purpose of providing a social benefit as well as earning income.
• is applied to luxury goods (jewelry, fur, etc.), goods that are harmful to health (alcohol, cigarettes, etc.), and goods causing environmental degradation (gasoline, etc.)?

Which one of the following has the most significant share in tax revenues?

Which of the following is an example for progressive tax?

Which one of the following has the definition of the ratio of the total tax revenues collected from the economy to the GDP to finance public expenditures?

Which of the following is crucial for the financial stability?

What is the main purpose of debt management?

How Public Sector Borrowing Requirement may (PSBR) be covered?

Which of the following ratio gives information about the sustainability of a country’s debts and the direction of the debt burden?

How much of the state tax revenues are allocated to special provincial administrations by central government?

Which of the following tax is collected by municipalities?

Which of the following explains the philosophy of state provides justice and security, that are its main duties, and undertakes infrastructure investments that cannot be undertaken by the private sector, and the economy is left to the free market?

Which of the following is the reason for privatization?

Which of the following is the result of an expansionary fiscal policy in the short run?