A. The tax burden generated from a tax placed on a good consumer perceive to be a necessity will fall most heavily on the sellers of the good
B. The burden of a tax falls on the side of the market (buyers or sellers) from which it is collected
C. The distribution of the burden of a tax is determined by the relative elasticities of determined by legislation.
D. The tax burden falls most heavily on the side of the market (buyers and sellers) that is most willing to leave the market when price movements are unfavorable to them.
Economics Mcqs
The Human Development Report 2003, which assumes that poverty is multidimensional calculates a human poverty index based on which of the following measures of deprivation ?
I- probability at birth of not surviving to age 40
II- adult illiteracy rate
III- negative economic growth
IV- lack of a decent standard of living
……… is below the income that secures the bare essentials of food clothing and shelter ?
A. Income inequality
B. Absolute poverty
C. sen’s poverty index
D. purchasing power poverty
Indices of income distribution measure ?
A. absolute poverty
B. economic growth
C. relative poverty
D. standard of living
A value of 1 in Gini index represents ?
A. low inequality
B. maximum inequality
C. 10/10 000% inequality
D. 1% inequality
The Lorenz curve shows ?
A. patterns of poverty between developed and developing countries
B. the change in GDP per capita over time
C. the poorest’s income shares fall in the early stages of growth
D. income concentration relative to a 45-degree line
Sala-i-Martin interpolates income distribution by ?
A. quientiles
B. percentiles
C. simulation
D. relative ratio measures
According to Human Development Report 2003, about …….. countries were poorer in 2003 than in 1990?
A. 50
B. 100
C. 1000
D. 5
Sen’s welfare theory relies on ?
A. individuals’ accomplishments
B. individuals’ capabilities
C. individuals’ wealth
D. individuals’ education