A major difference between tax systems in developing and developed country is that
a. developing countries rely on direct taxes, and developed countries rely on indirect taxes
b. developing countries rely on indirect taxes and developed countries rely on direct taxes
c. developing countries rely on domestic taxes and developed countries rely on taxes on foreign trade
d. developing countries rely on ‘forced saving' and developed countries tax saving directly
e. there are no significant differences
B
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If the marginal total cost when moving from Option A to Option B is negative and the marginal total cost when moving from Option B to A is positive, which of the two options is better? What is the underlying principal behind the decision?
What will be an ideal response?
The law of diminishing returns causes a firm's short-run marginal cost curve to be s-shaped
a. True b. False Indicate whether the statement is true or false
If the official unemployment rate increases from December to January because the Christmas season is over, we can conclude that _____ is responsible for the increase
a. seasonal unemployment b. cyclical unemployment c. structural unemployment d. frictional unemployment e. underemployment
An example of a nontradable good is a:
A. haircut by a renowned Italian hairstylist in Florence. B. rare gemstone found in South Africa. C. bottle of wine from a remote valley in France. D. good that has no legal restriction placed on it.