Effect of taxes on employment

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/effect-of-taxes-on-employment

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What kind of government does Effect of taxes on employment have?Public investment in infrastructure creates direct and indirect employment opportunities
2. What is the primary function of taxation?To generate revenue for public expenditure, including services and infrastructure
3. What do taxes help pay for?Taxes fund things like roads, schools, police, and other services that keep our communities safe and working.
4. How can lowering corporate taxes affect jobs?When companies pay less tax, they can spend more on new machines, research, or hiring more workers, which can create new jobs.

Fiscal Policy: The use of government spending and taxation to influence the economy.
Labor Market Dynamics: The forces that determine the supply of and demand for labor, influencing wages and employment levels.
Economic Efficiency: The optimal allocation of resources to maximize output and minimize waste in an economy.