A tax whose burden is the same proportion of income for all households is ?

Related Mcqs:

If the income effect is smaller than the substitution effect, higher net wages will ?

A. reduce the supply of labour. B. increase the demand for labour C. increase the supply of labour D. have no effect on the supply of labour...

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

A. benefits received tax B. progressive tax C. regressive tax D. proportional tax...

Housing Benefit is a good example of ?

A. a means tested cash benefit B. a universal (social insurance based) benefit C. a benefit in kind D. none of the above...

Assuming leisure is a normal good, if the income effect is greater than the substitution effect a wage increase ?

A. will have no effect on labour supply B. will decreases labour supply C. could cause either an increases or a decrease in labour supply D. will increase labour supply....

Where a tax can be shifted the incidence depends on ?

A. whether there is perfect or imperfect information B. who is legally obliged to pay the tax C. elasticities of demand and supply D. how many producers there are:...