Where a tax can be shifted, the incidence depends on ?

Related Mcqs:

1. 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:

2. 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

3. 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

4. Tax incidence is the ?

   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

5. 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

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

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

7. 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

8. 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

9. When a tax on a good start small and is gradually increased tax revenue ?

   A. will fall
   B. will rise
   C. will first rise and then fall
   D. will first fall and then rise

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