Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 20, Problem 7MCQ
To determine
The correct option
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Students have asked these similar questions
then tax revenue for the
Choose the Correct Answer.
1. This is a tax levied on gifts and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer.
A. Estate tax
B. Capital gains tax
C. Donor Tax
D. Income Tax
2. It shows the peak of a business cycle.
A. Recession
B. Recovery
C. Prosperity
D. Depression
3. It shows that both production and employment fall.
A. Recession
B. Recovery
C. Prosperity
D. Depression
4. It pertains to the situation whereby both production and employment are at their lowest levels.
A. Recession C. Prosperity
Recovery D. Depression
5. It is a point in business cycle whereby both production and employment are rising towards full employment.
A. Recession
B. Recovery
C. Prosperity
D. Depression
explain four reason why is tax important for a country
Chapter 20 Solutions
Foundations of Economics (8th Edition)
Ch. 20 - Prob. 1SPPACh. 20 - Prob. 2SPPACh. 20 - Prob. 3SPPACh. 20 - Prob. 4SPPACh. 20 - Prob. 5SPPACh. 20 - Prob. 6SPPACh. 20 - Prob. 7SPPACh. 20 - Prob. 8SPPACh. 20 - Prob. 9SPPACh. 20 - Prob. 1IAPA
Ch. 20 - Prob. 2IAPACh. 20 - Prob. 3IAPACh. 20 - Prob. 4IAPACh. 20 - Prob. 5IAPACh. 20 - Prob. 6IAPACh. 20 - Prob. 7IAPACh. 20 - Prob. 8IAPACh. 20 - Prob. 9IAPACh. 20 - Prob. 10IAPACh. 20 - Prob. 11IAPACh. 20 - Prob. 1MCQCh. 20 - Prob. 2MCQCh. 20 - Prob. 3MCQCh. 20 - Prob. 4MCQCh. 20 - Prob. 5MCQCh. 20 - Prob. 6MCQCh. 20 - Prob. 7MCQ
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