Tax shifting ?

Related Mcqs:

A period of unemployment due to recession will ?

A. increase a worker’s current income and permanent income B. reduce a worker’s current income but not necessarily their permanent income C. affect neither the current nor the permanent income of a worker D. reduce a worker’s permanent income but not their current income...

In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?

A. total labour cost B. the marginal product C. the price of the product D. the wage rate...

An example of an indirect tax is ?

A. income tax B. VAT C. a tax on profits. D. inheritance tax...

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:...