What fundamentally determines how much a consumer spends in a producer's shop?
Individual's propensity to consume
Level of his taxation
Level of his income
Individual's taste or fashion
Correct answer is C
No explanation has been provided for this answer.
In taxation, the benefit principle requires that
Everybody must draw benefit from taxation
All those who earn more income must pay more taxes
Only those who derive benefit from services provided from public revenue should be taxed
Taxes paid by businesses should be shifted to those consumers benefiting from such consumer commodities
Everybody pays an equal amount
Correct answer is C
No explanation has been provided for this answer.
Densely populated urban centres
The total area divided by the total population
Densely populated rural areas
The total population divided by the total area
Correct answer is D
No explanation has been provided for this answer.
Mobility of labour is NOT affected by
Optimum size of population
Marriage and family
Regulation of trade unions
Period of training
Correct answer is A
No explanation has been provided for this answer.
Rent
Profit
Interest
Surtax income
Correct answer is D
No explanation has been provided for this answer.