1.In a short paragraph, list the three criteria for taxation. Then describe what each of the 3 criteria mean. Finally, explain what the consequences may be if one of the criteria was no longer true (not working properly).

2.In a short paragraph, define governmenttax incentives. Give an example of the government using tax incentives in order to sway citizens to buy or not to buy a good or service? Do you feel that tax incentives are a good or bad idea? Explain.

3.In a paragraph, describe the steps that the government takes to create the federal budget. Then explain what would happen if the President and Congress cannot make a decision on the federal budget. Finally, explain why it is important for the branches of government to have good relations with each other.

4.In a short paragraph, describe one issue in the economy that a fiscal policy has addressed. Then, describe what reforms were taken by who's fiscal policy to correct the problem. Who will gain from the reforms that the fiscal policy has made?