_______ 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
A. I and II only
B. III and IV only
C. I, II and III only
D. I, II , III and IV
A. I and II only
B. III and IV only
C. I, II and IV only
D. I, II and III only
A. I and II only
B. III and IV only
C. I, II and III only
D. I, II , III and IV
A. adverse selection
B. moral hazard
C. social goods
D. hyperinflation
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