Economic (M.Sc)

Q: Which of the following taxes is regressive?

(a) :   the federal income tax
(b) :  the state income tax
(c) :  the sales tax
(d) :  the Medicare tax
(e) :  NONE
Answer:  the sales tax
Explanation:  

Q: Stagflation refers to a situation which is characterised by:

(a) :  Deflation and rising unemployment
(b) :  Inflation and deflation
(c) :  Sustained price-rise and rising unemployment
(d) :  Stagnant employment and deflation
(e) :  None of the Above
Answer:  Sustained price-rise and rising unemployment
Explanation:  

Register now to view all Question's.

Sign in OR Sign Up


Back to top