If VAT rates rise, then costs are likely to ___ and demand is likely to ____?

Related Mcqs:

1. If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?

   A. falls; falls; falls; surplus B. is static; low; rises; deficit C. falls; rises; falls; surplus D. rises; falls; rises; deficit...

2. If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?

   A. falls; rise; falls; surplus B. is static; low; rise; deficit; C. falls; falls; falls; surplus D. rise; falls; rises; deficit...

3. If interest rates rise then costs are likely to _______ and demand is likely to _________?

   A. rise, fall B. rise; rise C. fall; fall D. fall; rise...

4. Under floating exchange rates, expectations of higher interest rates are likely to cause an ____ of the exchange rate?

   A. depreciation B. appreciation C. fall D. devaluation...

5. The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

   A. increase; increase B. increase; reduce C. reduce; reduce D. reduce; increase...

6. If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?

   A. rise; falls; rise; deficit B. falls; rises; falls; surplus C. falls; falls; falls; surplus D. is static; low; rises; deficit...

7. If the economy is in the though phase of the business cycle, aggregate demand ____ unemployment ______ inflation ______ and the current account of the balance of payments is likely to move towards ________?

   A. falls; falls; falls; surplus B. falls; rises; falls; surplus C. is static; low; rises; deficit D. rises; falls; rises; deficit...

8. VAT is a good example of which kind of tax ?

   A. Specific B. Exercise duty C. Direct D. Ad valorem...

9. VAT is a good example of which kind of tax ?

   A. specific B. Direct C. Ad valorem D. Excise duty...

10. In the UK, electricity industry parts are a ____ and other parts are ___ ?

    A. nationalized; privatized B. natural monopoly; potentially competitive C. cartel; a sellers’ market D. monopolistic competition duopoly...