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Economics Entrance Exam: Mock Test 61

Taxes and Efficiency Quiz Questions and Answers PDF Download - 61

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The Taxes and Efficiency Quiz Questions and Answers PDF (Taxes and Efficiency Quiz with Answers PDF e-Book) download Ch. 6-61 to study Economics online courses. Practice Design of Tax System Notes Questions PDF, taxes and efficiency Test for best online business management degree. The Taxes & Efficiency Quiz App Download: Free Economics App to study what are costs?, absolute advantage and trade, balance of payments accounting principles, demand for labor, taxes and efficiency test prep for best online business management degree.

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Taxes & Efficiency Questions and Answers PDF Download: MCQ 61

MCQ: 301

The method of that states that individuals with similar income and assets should pay the same amount in taxes is known as

  1. horizontal equity
  2. vertical equity
  3. proportional tax
  4. progressive tax
MCQ: 302

It is not that easy to develop the economy where there will be no income or revenue that aids boost any nation's economy without

  1. capital
  2. labor
  3. building
  4. machines
MCQ: 303

The type of account that is a component of balance of payments that covers claims on or liabilities to nonresidents, specifically with regard to financial assets is known as

  1. current account
  2. financial account
  3. balance of payments
  4. PLS account
MCQ: 304

The capability to produce more of a product by utilizing less resources than another competing entity is known as

  1. gains from trade
  2. comparative advantage
  3. absolute advantage
  4. absolute disadvantage
MCQ: 305

The type of cost that remain independent of output and constant though out the relevant range is known to be as

  1. fixed cost
  2. sunk cost
  3. variable cost
  4. total cost

Taxes & Efficiency Textbook Tests: Economics App & eBook Quizzes

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Taxes and Efficiency Quiz App (Android & iOS)

Taxes & Efficiency Quiz App

BBA Economics Quiz App (iOS & Android)

BBA Economics Quiz App

Financial Management Quiz App (Android & iOS)

Financial Management Quiz App

Cost Accounting Quiz App (iOS & Android)

Cost Accounting Quiz App