Regressive tax is not a good tax system because it
Is not convenient to pay
Is not certain what to pay
Is not economical to collect
Does not ensure equity in payment
Is not neutral to price trends
Correct answer is D
No explanation has been provided for this answer.
Limited liability in Economics means that
A shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested
A shareholder's liability for the debt company is dependent on how much he is owing
Shareholders can not be asked to pay for the debts of the company
Shareholders try to ensure that only a small proportion of the debt comes to them
Shareholders want all the debts paid equally
Correct answer is A
No explanation has been provided for this answer.
The Joint Stock Company can be a company whose minimum membership is
2
5
7
10
20
Correct answer is A
No explanation has been provided for this answer.
The theory of consumer behavior is based on all the following assumption except that the
Consumer is assumed irrational
Consumer taste remains constant
Consumer has budget constraint
Consumer aims at maximizing his utility
Consumer is exposed to more than one commodity
Correct answer is A
No explanation has been provided for this answer.
Which of the following best explain an inflationary situation at current price level?
Demand, supply
Demand supply
Demand = Supply
Demand/Supply
Demand = zero
Correct answer is A
No explanation has been provided for this answer.