Refer to Exhibit 4. If a tax is placed on the product in this market total surplus is the area ?
A. A + B + C + D+ E +F
B. A + B + C + D
C. A + D
D. B + C + E + F
A. A + B + C + D+ E +F
B. A + B + C + D
C. A + D
D. B + C + E + F
A. C + F
B. A
C. B
D. C
A. A + B + E
B. A + B + C + D
C. A
D. D
A. A + B + E
B. D
C. C + F
D. C + D + F
A. All these answers can be supported by the benefits principle of taxation
B. Progressive income taxes used to pay for national defense
C. Petrol taxes used to pay for roads
D. property taxes used to pay for policies and the court system
Which of the following taxes can be supported by the benefits principle of taxation ? Read More »
Economics Mcqs, Taxation A. all taxpayers pay the same amount of tax
B. taxes on all goods are levied at the same rate
C. taxes are as low as possible
D. the system comprises only lump sum taxes
E. taxpayers with similar abilities to pay taxes pay the same amount
A tax system is regarded as horizontally equitable if ? Read More »
Economics Mcqs, Taxation A. Proportional tax rate
B. average tax rate
C. marginal tax rate
D. vertical tax rate
E. horizontal tax rate
A. efficient
B. progressive
C. regressive
D. proportional
A. total taxes paid divided by total income
B. the extra taxes paid on an additional dollar or income.
C. the taxes paid by the marginal worker
D. total income divided by total taxes paid
The average tax rate is ? Read More »
Economics Mcqs, Taxation A. a proportional tax
B. a regressive tax
C. an equitable tax
D. a progressive tax