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
Q10: Which of the following statements has been
Q11: What is true for deductive method?
A)Abstract
B)Realistic
C)Economic conditions
Q12: What is true for inductive method?
A)Hypothetical
B)Empirical
C)Ignores experimentation
D)Static
Q13: Find out the correct statement:
A)Prediction of economic
Q14: Micro economic theory studies how a free
Q16: Microeconomics deals primarily with:
A)Comparative statics, general equilibrium
Q17: The word micro was first used in
Q18: A function refers to :
A)The demand for
Q19: The validity of an economic theory is
Q20: The subject matter of economics is the
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