3.07

1. Why are taxes collected, and what role does the government play? Your answer should include a discussion of how taxes are used and should be at least two well-developed paragraphs in length.

2. In an essay of at least two well-developed paragraphs, explain how the national debt affects the economy and explain if these are positive or negative in nature.

3. In an essay of at least two well-developed paragraphs, explain how mandatory and discretionary spending are similar and how they are different.

4. In an essay of at least three well-developed paragraphs, explain how U.S. fiscal policies affect the economy and explain the differences between expansionary and contractionary fiscal policies.