The Phillips Curve & Taxation Mcqs
The Phillips Curve & Taxation Mcqs, this topic has 52 mcqs, It takes five to ten minutes to complete this free The Phillips Curve & Taxation Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "The Phillips Curve & Taxation Mcqs" MCQs and share with your friends, brothers, sisters.
The Phillips Curve & Taxation Mcqs (Total Quiz: 52)
MCQ: A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?
- a proportional tax
- a regressive tax
- an equitable tax
- a progressive tax
B
MCQ: If the Pakistani government runs a budget surplus there is ?
- an excess of government receipts over government spending.
- an equality of government spending and receipts.
- a surplus of government workers.
- an excess of government spending over government receipts.
A
MCQ: The reduction of tax ?
- will have no impact on tax revenue.
- will always reduce tax revenue regardless of the prior size of the tax
- could increase tax revenue if the tax had been extremely high
- causes a market to become less efficient
C
MCQ: The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as a ?
- none of these answers
- Reagan curve
- Keynesian curve
- Laffer curve
- Henry George curve.
D
MCQ: Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?
- the unscrupulous to enter the underground economy
- the elderly to retire early.
- all the things described in these answers.
- second earners to stay home.
- workers to work fewer hours
C
MCQ: Deadweight loss is greatest when ?
- supply is elastic, and demand is perfectly inelastic
- demand is elastic, and demand is perfectly inelastic
- both supply and demand are relatively inelastic
- both supply and demand are relatively elastic
D
MCQ: Which of the following would likely cause the greatest deadweight loss ?
- a tax on salt
- a tax on cigarettes
- a tax on petrol
- a tax on cruise line tickets
D
MCQ: Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?
- B + C + E + F
- E + F
- B + C
- A + B + C + D
B
MCQ: Refer to Exhibit 4. If there is no tax placed on the product in this market total surplus is the area ?
- B + C + E + F
- E + F
- A + B + C + D
- A + B + C + D + E + F
D
MCQ: Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?
- B + C + E + F
- B
- B + C
- A
B