World Mcqs
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_______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

A. incomes policy

B. Moral hazard

C. Wagner’s law

D. Fiscal policy

Related Questions on Monetary, Fiscal & Incomes Policy, & Inflation Mcqs

Which of the following is NOT true ?

A. Taxes on international trade are the major source of tax revenue for low-income countries with poor administrative capacity

B. import duties can restrict luxury goods consumption

C. several LDCs have used value-added taxes to raise a substantial fraction of revenues

D. Cascade tax a form of progressive tax, is dominant in DCs