Multiple Choice
Which aspect of taxation involves normative economics?
A) The incidence of the tax
B) The fairness of the tax
C) The effect of the tax on incentives to work
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Micro economic theory studies how a free
Q8: Which of the following statements has been
Q9: A theory is:<br>A)An assumption<br>B)A validated hypothesis<br>C)An 'if
Q10: Who of the following emphasized the normative
Q11: The first economist who coined the terms
Q13: Which of the following embodies a more
Q14: Microeconomics deals with:<br>A)The theory of factor pricing<br>B)The
Q15: Find out the correct statement:<br>A)Prediction of economic
Q16: Microeconomics deals primarily with:<br>A)Comparative statics, general equilibrium
Q17: What is true for inductive method?<br>A)Hypothetical<br>B)Empirical<br>C)Ignores experimentation<br>D)Static