Where a tax can be shifted the incidence depends on ?

Related Mcqs:

The maximin criterion suggested by Rawls’s theory of justice means that the government should aim to ?

A. Maximize the total utility of society B. Maximize the well-being of the worst-off person in society C. minimize the difference between the rich and poor D. maximize the economic freedom of individuals by minimizing government interference in private decision making E. minimize the well-being of the best-off person in society...

Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?

A. redistributing income from rich to poor because this is what the members of society would choose to do if they were behind a veil of ignorance B. redistributing income from rich to poor because due to the diminishing marginal utility of income, taking a pound from the rich reduces their utility by less than … Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?Read More...

The term ‘rent’ as it is used by economists. refers to ?

A. the return to any factor of production that is in fixed supply B. the profit earned by the owner of any housing unit. C. the amount paid each year by a tenant for an apartment D. any profit earned by stockholders when they sell their stock...

The Gini coefficient is ?

A. the ratio of the percentage of total income received by the top 20% of families to the percentage of total income received by by the bottom 20% of families B. the most common way of representing the income distribution graphically C. a commonly used measure of the degree of inequality in an income distribution … The Gini coefficient is ?Read More...

An increase in the minimum wage will cause a relatively large increase in unemployment among ?

A. unskilled workers if the demand for labour is relatively inelastic B. unskilled workers if the demand for labour is relatively elastic C. skilled workers if the demand for labour is relatively elastic D. skilled workers if the demand for labour is relatively inelastic...