NSC208 Solutions

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Tax assignment refers to who should ________ tax.

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The criteria used for constructing a good tax structure are called ________ of taxation.

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There are two types of equity vis horizontal equity and _______ equity.

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In economics, the following statement is normative

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_______ is the demand of one individual or firm

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________ is a characteristic of a free market system

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______ is not an assumption of linear programming model

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________ converts the nominal values as if prices were held constant in each year

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To measure social welfare requires _________

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In a budget line, bundles of good X1 and X2 that falls below the line are those that ________

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_____ are payment made for inputs by firm documented in firm’s expenses recorded during a given production period

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