The Benazir Benefit income Scheme is a good example of ?
The Benazir Benefit income Scheme is a good example of ? A. a benefit in kind. B. a means tested cash benefit C. a universal (social insurance based) benefit D. none of the above
Income Inequality
Where a tax can be shifted the incidence depends on ?
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 taxC. elasticities of demand and supply D. how many producers there are:
A progressive income tax means that those with a higher income pay ?
A progressive income tax means that those with a higher income pay ? A. a higher percentage of their income in taxes then low income people B. a lower percentage of their income in taxes than low income people C.…
Vertical equity holds that ?
Vertical equity holds that ? A. those will equal ability to pay should bear equal tax burdens. B. those who benefit the most from government service should bear the higher tax burden C. those with equal ability to pay should…
A Gini coefficient of zero means that the ?
A Gini coefficient of zero means that the ? A. the income is split equally between the top 20% and the rest of the distribution B. one person has all the income and every one else has nothingC. all the…
Supply of land in a given use ?
Supply of land in a given use ? A. will be perfectly inelastic in the long run. but upward slog in the short run B. is perfectly inelastic since there is a fixed amount of land C. is perfectly elastic…
The stock of knowledge, skills and talents that people possess is called ?
The stock of knowledge, skills and talents that people possess is called ? A. training investment B. skill capital C. skill-building investmentD. human capital
Unemployment benefits may increase the unemployment rate because unemployment benefits ?
Unemployment benefits may increase the unemployment rate because unemployment benefits ? A. encourage people to quit their jobsB. reduce the cost of job search C. enable people to quit searching for work D. reduce the benefits of additional job searching
If output price is constant, the marginal revenue product of labour curve will have the same shape as the ?
If output price is constant, the marginal revenue product of labour curve will have the same shape as the ? A. total variable cost curve B. marginal cost curve C. total product of labour curveD. marginal product of labour curve
The marginal revenue product of labour is ?
The marginal revenue product of labour is ? A. the marginal product of capital times the price of labour. B. the additional revenue a firm earns by employing on additional unit of labour C. the additional profit a firms earns…