It yields more revenue to the state at the expense of the people's ability to pay
The cost of collecting it is equal to the revenue it generates
It is imposed so suddenly that no one can dodge its payment
Its payment causes minimum incovenience to the tax payer
It induces workers to prefer more leisure to extra work
Correct answer is D
No explanation has been provided for this answer.
I only
I and II only
I and III only
II and III only
III only
Correct answer is B
No explanation has been provided for this answer.
Which of the following are direct taxes?
Sale taxes
Excise duties
Income and company taxes
Tarrif duties
Commodity taxes
Correct answer is C
No explanation has been provided for this answer.
In the event of a limited liability company going into liquidation, each shareholder
May lose a maximum of the amount he has invested
Lose nothing
Loses everything including his house
May have unlimited liability
Will lose the amount he has invested plus a proportion of his bank account
Correct answer is A
No explanation has been provided for this answer.
A shift of the demand curve to the right when the supply curve remains constant , implies that
Both price and quantity demanded will increase
Only price increases
Both price and quantity demanded will decrease
The price remains constant
The price falls
Correct answer is A
No explanation has been provided for this answer.