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Economics Mcqs

A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

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

A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ? Read More »

Economics Mcqs, Taxation

The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as 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.

The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as a ? Read More »

Economics Mcqs, Taxation

Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?

Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?

A. the unscrupulous to enter the underground economy
B. the elderly to retire early.
C. all the things described in these answers.
D. second earners to stay home.
E. workers to work fewer hours

Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ? Read More »

Economics Mcqs, Taxation