The Phillips Curve & Taxation Mcqs


Q.  A tax on petrol is likely to ?

a. generate a deadweight loss that is unaffected by the time period over which it is measured
b. cause a greater deadweight loss in the long run when compared to the short run
c. None of these answers
d. cause a greater deadweight loss in the short run when compared to the long run.


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Refer to Exhibit 4. If a tax is placed on the product in this market consumer surplus is the area ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Refer to Exhibit 4. If there is no tax placed on the produced in this market consumer surplus is the area ?
Category: Economics Mcqs,   Published by: teswesm
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MCQs:  Output fell sharply in the transition economies because ?
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MCQs:  If goods are exported for less than society’s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?
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MCQs:  A tariff causes domestic firms to ________ and consumers to?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The level of the equilibrium exchange rate offsets international differences in ?
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MCQs:  The marginal propensity of consume is equal to ?
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MCQs:  When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Economic integration ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Tariffs are used to protect infant industries these industries are those which ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If the Uk placed a limit on the amount of steel that could be imported into the UK in a particular period this would be an example of ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  One of the main advantages of trade economists suggest is ?
Category: Economics Mcqs,   Published by: teswesm