If a country has a burden of debt it cannot sustain it can ?

Related Mcqs:

1. What is National debt or public debt ?

   A. State’s borrowing from its population
   B. State’s borrowing from foreign government
   C. state’s borrowing from international institution
   D. All of these

2. Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?

   XA. wages and rents should fall in Country A
   B. wages and rents should rise in Country A
   C. wages should rise and rents should fall in Country A
   D. wages should fall and rents should raise in Country A

3. ________ is the practice of adopting policies and developing strategies that both sustain the environment and produce profits for the company ?

   A. Environmentalism
   B. Environmental sustainability
   C. Consumerism
   D. Consumer accountability

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

5. The burden of a tax falls more heavily on the sellers in a market when ?

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

6. The burden of a tax falls more heavily on the buyers in a market when ?

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

7. For which of the following products would the burden of a tax likely fall more heavily on the sellers ?

   A. Clothing
   B. food
   C. housing
   D. entertainment

8. A tax placed on a good that is a necessity for consumers will likely generate a tax burden that ?

   A. falls more heavily on sellers
   B. falls entirely on sellers
   C. falls more heavily on buyers.
   D. is evenly distributed between buyers and sellers.

9. A tax whose burden is the same proportion of income for all households is ?

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

10. A tax whose burden expressed as a percentage of income, falls as income increases is a ?

    A. benefits received tax
    B. progressive tax
    C. regressive tax
    D. proportional tax