A. behaviour of shifting the tax to another party.
B. structure of the tax
C. ultimate distribution of a tax’s burden.
D. measure of the impact the tax has on employment and output
Related Mcqs:
- 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 - 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 - Where a tax can be shifted, the incidence depends on ?
A. Whether there is perfect or imperfect information
B. elasticities of demand and supply
C. how many producers there are:
D. who is legally obliged to pay the tax - Tax incidence is the ?
A. structure of the tax.
B. ultimate distribution of a tax’s burden
C. behaviour of shifting the tax to another party
D. measure of the impact the tax has on employment and output - Where a tax can be shifted the incidence depends on ?
A. whether there is perfect or imperfect information
B. who is legally obliged to pay the tax
C. elasticities of demand and supply
D. how many producers there are: - Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?
A. B + C + E + F
B. B
C. B + C
D. A - 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. - Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?
A. C + F
B. A
C. B
D. C - 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 - When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold than otherwise the tax has ?
A. caused a deadweight loss
B. decreased equity
C. generated no tax revenue
D. increased efficiency
