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.Management Sciences
Category: Taxation
Refer to Exhibit 4. If there is no tax placed on the product in this market, producer surplus is the area ?
A. A + B + E
B. D
C. C + F
D. C + D + F
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
The reduction of tax ?
A. will have no impact on tax revenue.
B. will always reduce tax revenue regardless of the prior size of the tax
C. could increase tax revenue if the tax had been extremely high
D. causes a market to become less efficient
If a tax on a good is doubled the deadweight loss from the tax ?
A. doubles
B. stays the same
C. increase by a factor of four.
D. could rise or fall
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
Sana values a pair of blue jeans at Rs400. If the price is Rs350 Sana buys the jeans and generates consumer surplus of Rs50 Suppose a tax is placed on blue jeans that causes the price of blue jeans to rise to Rs450 Now sana chooses not to buy a pair of?
A. the deadweight has demonstrated
B. the ability-to-pay principle
C. the benefits principle
D. horizontal equity
E. The administrative burden of a tax.
If the Pakistani government runs a budget surplus there is ?
A. an excess of government receipts over government spending.
B. an equality of government spending and receipts.
C. a surplus of government workers.
D. an excess of government spending over government receipts.
An efficient tax ?
A. minimizes the administrative burden form the tax
B. does all the things describe in these answers
C. raises revenue at the smallest possible cost to taxpayers.
D. minimize the deadweight loss from the tax.
The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as a ?
A. none of these answers
B. Reagan curve
C. Keynesian curve
D. Laffer curve
E. Henry George curve.
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