A tax whose rate increases as income increases is
An indirect tax
A progressive tax
A regressive tax
A direct tax
A proportional tax
Correct answer is B
No explanation has been provided for this answer.
Who bears the greater burden of the indirect tax when the demand for a commodity is inelastic? The
Wholesaler
Shareholders
Retailer
Consumers
Entrepreneur
Correct answer is D
No explanation has been provided for this answer.
Its face value
What it can buy ata a particular time
Its rate of exchange with other currencies
Its intrinsic worth
Its rate of circulation
Correct answer is B
No explanation has been provided for this answer.
Oil export
Receipts for shipping services
Cost of aviation
Foreign investment
IMF Standard Drawing Right (SDR)
Correct answer is E
No explanation has been provided for this answer.
Summary of expected expenditure by individuals and government
Summary of expected income
Record of value of services rendered in a year
Record of goods produced in a year
Summary of expected income and expenditure
Correct answer is E
No explanation has been provided for this answer.