A. A + B + E
B. D
C. C + F
D. C + D + F
Correct Answer: D ✔
Last Updated: June 18, 2019
Related MCQs
- A progressive tax system is one where ?
- The appropriate tax rate to consider judging the vertical equity of a tax system is the ?
- An efficient tax ?
- 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?
- When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold than otherwise the tax has ?
- If a tax on a good is doubled the deadweight loss from the tax ?
- When a tax on a good start small and is gradually increased tax revenue ?
- Since the supply of undeveloped land is relatively inelastic a tax on undeveloped land would generate ?
- A tax on petrol is likely to ?
- Refer to Exhibit 4. Which of the following is true with regard to the burden of the tax in Exhibit 4 ?
- Refer to Exhibit 4. If a tax is placed on the product in this market total surplus is the area ?
- Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?
- Refer to Exhibit 4. If a tax is placed on the product in this market, producer surplus is the area?
- Which of the following taxes can be supported by the benefits principle of taxation ?
- A tax system is regarded as horizontally equitable if ?
- The appropriate tax rate to consider gauging how much the tax system distorts incentives and decision making is the ?
- The ability-to-pay principle of taxation suggests that if a tax system is to be vertically equitable it should be ?
- The average tax rate is ?
- The marginal tax rate is ?
- A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?
- If the Pakistani government runs a budget surplus there is ?
- The reduction of 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 ?
- Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?
- Deadweight loss is greatest when ?
- Which of the following would likely cause the greatest deadweight loss ?
- Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?
- Refer to Exhibit 4. If there is no tax placed on the product in this market total surplus is the area ?
- Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?
- Refer to Exhibit 4. If a tax is placed on the product in this market consumer surplus is the area ?
- Refer to Exhibit 4. If there is no tax placed on the produced in this market consumer surplus is the area ?