Taxes and Their Effects
Trending Questions
Q.
What is the meaning of quantitative restrictions?
Q.
What is the difference between the balance of payment and the balance of trade?
Q.
Are price ceilings good or bad?
Q.
What Is The Difference Between Impact Of Taxation And Incidence Of Taxation?
Q.
How do you calculate incomplete records?
Q.
Last-in first-out method is suitable in times of __________.
Fluctuating Prices
Falling Prices
Rising Prices
None of these
Q.
Difference between direct and indirect taxes.
Q.
Equilibrium price may not change even when market demand happens to change.
Equilibrium price may not change even when market demand happens to change.
- True
- False
Q. Utility depends on the _______ of the wants.
- intensity
- quality
- uniformity
- novelty
Q. When price is less than average variable cost at the profit-maximising level of output, a firm should __________.
- shutdown, since it cannot even cover its variable costs if it stays in business.
- produce where marginal revenue equals marginal cost if it is operating in the short run.
- produce where marginal revenue equals marginal cost if it is operating is the long run.
- shutdown, since it will lose nothing in that case.
Q. State with reason whether you agree or disagree.
When MU is zero, TU diminishes.
When MU is zero, TU diminishes.
Q. What defined what the rich and the poor wore?
