VAT is a good example of which kind of tax ?

Related Mcqs:

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....

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...

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...

Supply of land in a given use ?

A. will be perfectly inelastic in the long run. but upward sloping in the short run B. is perfectly inelastic since there is a fixed amount of land C. is perfectly elastic since there is fixed amount of land D. will be upward sloping because as land becomes more valuable in once use, the amount … Supply of land in a given use ?Read More...