-Proportional tax system is that system under which tax is imposed at the rate on all incomes while progressive tax system is a system under which the rate of tax increases with the increase in outcome.
Bom answered the question on March 24, 2018 at 10:00
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What do we mean by Economic development?
(Solved)
What do we mean by Economic development?
Date posted:
March 24, 2018
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What are the objectives of International Monetary Fund(I.M.F)?
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What are the objectives of International Monetary Fund(I.M.F)?
Date posted:
March 24, 2018
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What are the main objectives of the fiscal policy?
(Solved)
What are the main objectives of the fiscal policy?
Date posted:
March 24, 2018
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Explain the types of elasticity of demand
(Solved)
Explain the types of elasticity of demand.
Date posted:
March 23, 2018
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List the assumptions of the law of diminishing marginal utility
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List the assumptions of the law of diminishing marginal utility.
Date posted:
March 23, 2018
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Explain the exemptions of the law of diminishing marginal utility?
(Solved)
Explain the exemptions of the law of diminishing marginal utility?
Date posted:
March 23, 2018
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Answers (1)
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Define economies of scale
(Solved)
Define economies of scale.
Date posted:
March 23, 2018
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(a) Define elasticity of demand? (b) State the types of demand?
(Solved)
(a) Define elasticity of demand? (b) State the types of demand?
Date posted:
March 23, 2018
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Answers (1)
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Define consumer sovereignty?
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Define consumer sovereignty?
Date posted:
March 23, 2018
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Answers (1)
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Discuss the limitations of consumer sovereignty?
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Discuss the limitations of consumer sovereignty?
Date posted:
March 23, 2018
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Explain the types of equilibrium?
(Solved)
Explain the types of equilibrium?
Date posted:
March 23, 2018
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Give the disadvantages of price control?
(Solved)
Give the disadvantages of price control?
Date posted:
March 23, 2018
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Explain the types of price control?
(Solved)
Explain the types of price control?
Date posted:
March 23, 2018
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Answers (1)
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Define price control
(Solved)
Define price control.
Date posted:
March 23, 2018
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Answers (1)
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List six effects of price decontrol?
(Solved)
List six effects of price decontrol?
Date posted:
March 23, 2018
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Answers (1)
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Give the roles the government plays in a mixed economic system?
(Solved)
Give the roles the government plays in a mixed economic system?
Date posted:
March 23, 2018
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Answers (1)
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What is an economic system?
(Solved)
What is an economic system?
Date posted:
March 23, 2018
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Answers (1)
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Compare and contrast ordinal and cardinal utility theory
(Solved)
Compare and contrast ordinal and cardinal utility theory.
Date posted:
March 21, 2018
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The following information represents the National Income Model of an ‘Utopian’ economy. Y = C + I + G C = a + b(Y – T) T =...
(Solved)
The following information represents the National Income Model of an ‘Utopian’ economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
(i) Explain the economic interpretation of the parameters a,b,d and t.
(ii) Find the equilibrium values of income, consumption and taxes.
Date posted:
March 21, 2018
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Differences between micro and macro economics
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Differences between micro and macro economics.
Date posted:
March 21, 2018
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Answers (1)