Which of the following taxes can be supported by the benefits principle of taxation ?

Related Mcqs:

Refer to Exhibit 4. If there is no tax placed on the product in this market total surplus is the area ?

A. B + C + E + F B. E + F C. A + B + C + D D. A + B + C + D + E + F...

Deadweight loss is greatest when ?

A. supply is elastic, and demand is perfectly inelastic B. demand is elastic, and demand is perfectly inelastic C. both supply and demand are relatively inelastic D. both supply and demand are relatively elastic...

Refer to Exhibit 4. If a tax is placed on the product in this market total surplus is the area ?

A. A + B + C + D+ E +F B. A + B + C + D C. A + D D. B + C + E + F...

Refer to Exhibit 4. Which of the following is true with regard to the burden of the tax in Exhibit 4 ?

A. The buyers pay a larger portion of the tax because demand is more inelastic than supply B. The sellers pay a larger portion of the tax because supply is more elastic than demand C. The buyers pay a larger portion of the tax because demand is more elastic then supply D. The sellers pay … Refer to Exhibit 4. Which of the following is true with regard to the burden of the tax in Exhibit 4 ?Read More...

A tax on petrol is likely to ?

A. generate a deadweight loss that is unaffected by the time period over which it is measured B. cause a greater deadweight loss in the long run when compared to the short run C. None of these answers D. cause a greater deadweight loss in the short run when compared to the long run....