Economics MCQs – Mock Test 33

Taxes and Efficiency Quiz with Answers PDF Download – Test 33

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The "Taxes & Efficiency Quiz" App Download: Method of collecting income tax in which the taxes paid increase with the amount of earned income is known as; MCQ with answers: vertical equity, horizontal equity, progressive tax, and proportional tax. Solve design of tax system questions and answers to improve problem solving skills for economics scholarship preparation.

Taxes & Efficiency Quiz – Mock Test 33 PDF Download

MCQ 161: The method of collecting income tax in which the taxes paid increase with the amount of earned income is known as:

horizontal equity
vertical equity
proportional tax
progressive tax

MCQ 162: The concept that refers to the movement of assets out of a country is known as:

capital outflow
capital inflow
net outflow
net inflow

MCQ 163: The investment that enlarges economy's stock of real capital assets thereby adding to productive capacity is called as:

gross investment
net investment
private investment
public investment

MCQ 164: When there is no intervention of international trade, there only comes equilibrium at:

domestic balance
worldwide balance
trade balance
trade Benelux

MCQ 165: With more units of goods or services producing at a larger unit along with fewer input cost, the only concept be achieved is:

diseconomies of scale
economies of scale
economic growth
external economies of scale

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