Economics MCQs

A. The demand curve for accountants to shift to the right, since the productivity of accountants has increased
B. Firms to move up their demand curves for accountants
C. The demand curve for accountants to shift to the left, since it requires fewer accountants than it did before to do the same amount of work.
D. Firms to move down their demand curves for accountants

A. Those with equal ability to pay should bear unequal tax burdends.
B. Those who benefits the most from government services should bear the higher tax burden.
C. Those 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.

A. Average tax rate
B. Marginal tax rate
C. Proportional tax rate
D. Total tax rate

A. An equal tax
B. A proportional tax
C. A progressive tax
D. A regressive tax

A. Benefits received tax
B. Progressive tax
C. Regressive tax
D. Proportional tax

A. Is the way in which a tax is structured
B. Occurs when households can alter their behaviour and do something to avoid paying tax
C. Occurs when taxes cause prices to increase but wages to fall.
D. Is the ultimate distribution of a tax’s burden

A. Income tax
B. Vat
C. A tax on profits.
D. Inheritance tax

A. A means tested cash benefit
B. A universal (social insurance based) benefit
C. A benefit in kind
D. None of the above

A. Poor 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

A. social security income of the elderly and disabled
B. none of these answers
C. wages fixed by a union or other labour contract
D. equal to the minimum wage