A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?

Related Mcqs:

1. Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

   A. 5 percent
   B. 10 percent
   C. 15 percent
   D. 20 percent

2. A tax of 15 percent per imported item would be an example of a (an) ?

   A. Ad valorem tariff
   B. Specific tariff
   C. Effective tariff
   D. Compound tariff

3. The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

   A. indirect taxes
   B. direct taxes
   C. inelastic
   D. value-added tax

4. Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

   A. Rs 50000
   B. 20%
   C. 25%
   D. Rs 10000

5. Term a tax or duty rebate on imported goods that are exported at a later date ?

   A. Duty
   B. Custom
   C. Rebut
   D. Drawback

6. Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen’s value, this is an example of a (an) ?

   A. specific tariff
   B. ad valorem tariff
   C. compound tariff
   D. effective tariff

7. Which country is the source of Stilton cheese ?

   A. England
   B. Norway
   C. Scotland
   D. Swaden

8. What country produces the original Edam cheese ?

   A. Sweden
   B. Australia
   C. Netherlands
   D. Switzerland

9. Government levy tax on imports and exports What this tax is called ?

   A. Custom
   B. Exercise Duty
   C. Tariff
   D. Freight

10. 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