VAT is a good example of which kind of tax ?

Related Mcqs:

Which of the following shifts the demand for watches to the right ?

A. an increase in the price of watches B. none of these answers C. a decrease in the price of watch batteries if watch batteries and watches are complements D. a decrease in consumer incomes if watches are a normal good E. a decrease in the wage of workers employed to manufacture watches...

When supply increase in an agricultural market farmer’s earning might fall because ?

A. Supply is price elastic B. Demand is price inelastic C. The government buys up all the excess production D. All output must be sold at a maximum price...

The prisoners Dilemma Game demonstrates that ?

A. players are better of to act independently B. monopoly is better than competition C. people will always cheat D. players are better off if they co-operate...

The problem posed by a natural monopoly is that it faces a _____ This means that _______?

A. increasing average cost curve, marginal cost lies above average cost B. increasing average cost curve, marginal cost lies below average cost C. decreasing average cost curve marginal cost lies above average cost D. decreasing average cost curve, marginal cost lies below average cost...

Tax shifting ?

A. is the way in which a tax is structured B. is the ultimate distribution of a tax’s burden C. occurs when taxes cause prices to increase but wages to fall D. occurs when house hold can alter their behaviour and do something to avoid paying a tax....