Economics MCQs

Page No. 219

Tax incidence is the ?


astructure of the tax.


bultimate distribution of a tax’s burden


cbehaviour of shifting the tax to another party


d measure of the impact the tax has on employment and output



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


ba lower percentage of their income in taxes than low income people


cthe same percentage of their income in taxes as low income people all the taxes in the economy.


d all the taxes in the economy



The marginal tax rate is ?


athe tax rate you pay on any additional income that you earn.


bthe total amount of tax you pay divided by your total income


cthe additional tax you pay divided by your total income


d your total income divided by the total amount of tax you pay.



Vertical equity holds that ?


athose will equal ability to pay should bear equal tax burdens.


bthose who benefit the most from government service should bear the higher tax burden


cthose with equal ability to pay should bear unequal burdens


d those with greater ability to pay should pay more



A Gini coefficient of zero means that the ?


athe 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 nothing


call the income is received by the top 20% of the income distribution


d income is equally distributed



Supply of land in a given use ?


awill be perfectly inelastic in the long run. but upward sloping in the short run


b is perfectly inelastic since there is a fixed amount of land


cis perfectly elastic since there is fixed amount of land


dwill be upward sloping because as land becomes more valuable in once use, the amount of land made available for that use will increase



The stock of knowledge, skills and talents that people possess is called ?


atraining investment


b skill capital


cskill-building investment


dhuman capital


View Answer human capital

Unemployment benefits may increase the unemployment rate because unemployment benefits ?


aencourage people to quit their jobs


breduce the cost of job search


cenable people to quit searching for work


dreduce 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 ?


atotal variable cost curve


bmarginal cost curve


c total product of labour curve


dmarginal product of labour curve



The marginal revenue product of labour is ?


athe marginal product of capital times the price of labour.


bthe additional revenue a firm earns by employing on additional unit of labour


cthe additional profit a firms earns by employing one additional unit of labour


dthe additional revenue the firm makes by selling one unit of labour.



Goto Page No.

Page 219 of 444

Alphabetical MCQs Categories

Here below You find all kind of categories of MCQs in alphabetical order.


"Comprehensive Collection of MCQs: Alphabetically Organized by Subject"

"Discover an extensive collection of multiple-choice questions (MCQs) neatly categorized by subject from A to Z. This resource is designed for anyone eager to explore various topics in a straightforward and organized manner. Whether you're a student preparing for exams, an educator seeking supplementary materials, or simply curious about different subjects, this compilation offers a convenient way to learn and assess your knowledge. With questions arranged alphabetically, navigation is effortless, allowing you to delve into subjects of interest at your own pace. Engage, learn, and expand your understanding with this accessible and comprehensive repository of MCQs!"


BolPakistan

bolpakistan.com.pk includes Job Mcqs and Pak Mcqs is the Top Largest Mcqs Forum in World, in which you can read Mcqs of All Subjects, PPSC test preparation, FPSC, NTS and PPSC PAST PAPERS, PPSC PAST MCQS. A Collection of Repeated MCQs for JOBs seekers.

Copyright © 2024, Designed & Developed by BolPakistan