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Taxes & Efficiency Quiz Questions and Answers PDF Download 61

Practice Taxes and Efficiency quiz questions and answers, taxes and efficiency MCQs with answers PDF to solve economics worksheet 61 for online graduate programs. Practice Design of Tax System quiz questions with answers, taxes and efficiency multiple choice Questions and Answers (MCQ) to solve taxes and efficiency test with answers for online university degrees. Free taxes and efficiency MCQs, what are costs?, absolute advantage and trade, balance of payments accounting principles, demand for labor, taxes and efficiency test prep for online degrees.

"The method of that states that individuals with similar income and assets should pay the same amount in taxes is known as", taxes and efficiency Multiple Choice Questions (MCQ) with choices vertical equity, horizontal equity, proportional tax, and progressive tax for bachelors degree online. Learn design of tax system questions and answers with free online certification courses for online business administration degree classes.

Quiz on Taxes & Efficiency PDF Download 61

Taxes & Efficiency Quiz

MCQ: The method of that states that individuals with similar income and assets should pay the same amount in taxes is known as

  1. horizontal equity
  2. vertical equity
  3. proportional tax
  4. progressive tax

A

Demand for Labor Quiz

MCQ: It is not that easy to develop the economy where there will be no income or revenue that aids boost any nation's economy without

  1. capital
  2. labor
  3. building
  4. machines

B

Balance of Payments Accounting Principles Quiz

MCQ: The type of account that is a component of balance of payments that covers claims on or liabilities to nonresidents, specifically with regard to financial assets is known as

  1. current account
  2. financial account
  3. balance of payments
  4. PLS account

B

Absolute Advantage & Trade Quiz

MCQ: The capability to produce more of a product by utilizing less resources than another competing entity is known as

  1. gains from trade
  2. comparative advantage
  3. absolute advantage
  4. absolute disadvantage

B

What are Costs? Quiz

MCQ: The type of cost that remain independent of output and constant though out the relevant range is known to be as

  1. fixed cost
  2. sunk cost
  3. variable cost
  4. total cost

A