Economics MCQs

Page No. 221

Because people’s income vary other the life cycle and because there are transitory shocks to people’s incomes the standard measures of income distribution ?


aexaggerate the inequality of living standards

✓


bcould exaggerate or understate the inequality of living standards depending on whether the transitory shocks are positive or negative

✖


c understate the inequality of living standards

✖


d accurately represent the true inequality of living standards

✖



Permanent income is ?


a Social Security income of the elderly and disabled

✖


bnone of these answers

✖


cwages fixed by a union or other labour contract

✖


da person’s normal or average income

✓



In Pakistan the term the poverty trap is used to describe the fact that ?


apoor people are excluded from most leisure and social activities

✖


b the Pakistan benefit system makes being poor vary degrading

✖


c if poor people earn more their benefits fall, making them no better off.

✓


d in the Pakistan poor people are heavily taxed

✖



Housing Benefit is a good example of ?


aa means tested cash benefit

✓


ba universal (social insurance based) benefit

✖


ca benefit in kind

✖


d none of the above

✖



An example of an indirect tax is ?


aincome tax

✖


bVAT

✓


c a tax on profits.

✖


d inheritance tax

✖


View Answer VAT

Tax shifting ?


ais the way in which a tax is structured

✖


b occurs when households can alter their behaviour and do something to avoid paying tax

✓


coccurs when taxes cause prices to increase but wages to fall.

✖


d is the ultimate distribution of a tax’s burden

✖



A tax whose burden expressed as a percentage of income, falls as income increases is a ?


abenefits received tax

✖


bprogressive tax

✖


cregressive tax

✓


d proportional tax

✖


View Answer regressive tax

A tax whose burden is the same proportion of income for all households is ?


aan equal tax

✖


b a proportional tax

✓


ca progressive tax

✖


da regressive tax

✖


View Answer a proportional tax

The total amount of tax you pay divided by your total income is the ?


aaverage tax rate

✖


b marginal tax rate

✖


cproportional tax rate

✖


dtotal tax rate

✓


View Answer total tax rate

Horizontal equity holds that ?


athose with equal ability to pay should bear unequal tax burdends.

✖


bthose who benefits the most from government services should bear the higher tax burden.

✖


cthose who benefit the most from government services should have the greatest voice in determining what gets produced

✖


d those with equal ability to pay should bear equal tax burdens.

✓



Goto Page No.

Page 221 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