A tax whose burden expressed as a percentage of income, falls as income increases is a ?

Related Mcqs:

The idea that the demand for car workers stems from the demand for cars is ?

A. output demand B. indirect demand C. derived demand D. the value of the marginal product of auto workers....

The substitution effect of higher wages suggests that as the wage rate increases ?

A. leisure becomes less expensive and households buy more of it B. leisure becomes more expensive and households buy more of it C. leisure becomes more expensive and households buy less of it D. leisure becomes less expensive and households buy less of it....

In Pakistan the term the poverty trap is used to describe the fact that ?

A. poor people are excluded from most leisure and social activities B. the Pakistan benefit system makes being poor vary degrading C. if poor people earn more their benefits fall, making them no better off. D. in the Pakistan poor people are heavily taxed...

Permanent income is ?

A. Social Security income of the elderly and disabled B. none of these answers C. wages fixed by a union or other labour contract D. equal to the minimum wage E. a person’s normal or average income...

A Gini coefficient of zero means that the ?

A. the income is split equally between the top 20% and the rest of the distribution B. one person has all the income and every one else has nothing C. all the income is received by the top 20% of the income distribution D. income is equally distributed...