Category: Taxation

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 a larger portion of the tax because supply is more inelastic than demand

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

A. a small deadweight loss and the burden of the tax would fall on the renter
B. a large deadweight loss and the burden of the tax would fall on the landlora
C. a large deadweight loss and the burden of the tax would fall on the renter.
D. a small deadweight loss and the burden of the tax would fall on the landlord

A. Proportional tax rate
B. average tax rate
C. marginal tax rate
D. vertical tax rate
E. horizontal tax rate

A. the unscrupulous to enter the underground economy
B. the elderly to retire early.
C. all the things described in these answers.
D. second earners to stay home.
E. workers to work fewer hours

A. all taxpayers pay the same amount of tax
B. taxes on all goods are levied at the same rate
C. taxes are as low as possible
D. the system comprises only lump sum taxes
E. taxpayers with similar abilities to pay taxes pay the same amount

A. a proportional tax
B. a regressive tax
C. an equitable tax
D. a progressive tax

A. a tax on salt
B. a tax on cigarettes
C. a tax on petrol
D. a tax on cruise line tickets

A. total taxes paid divided by total income
B. the extra taxes paid on an additional dollar or income.
C. the taxes paid by the marginal worker
D. total income divided by total taxes paid

A. the taxes paid by the marginal worker
B. total income divided by total taxes paid
C. the extra taxes paid on an additional unit of income
D. total taxes paid divided by total income