The Phillips Curve & Taxation Mcqs


Q.  Sana values a pair of blue jeans at Rs400. If the price is Rs350 Sana buys the jeans and generates consumer surplus of Rs50 Suppose a tax is placed on blue jeans that causes the price of blue jeans to rise to Rs450 Now sana chooses not to buy a pair of?

a. the deadweight has demonstrated
b. the ability-to-pay principle
c. the benefits principle
d. horizontal equity
e. The administrative burden of a tax.


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  Which of the following would likely cause the greatest deadweight loss ?
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MCQs:  Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?
Category: Economics Mcqs,   Published by: teswesm
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Category: Economics Mcqs,   Published by: teswesm
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