921. Which of the following statements about the burden of a tax is correct ?
A. The tax burden generated from a tax placed on a good consumer perceive to be a necessity will fall most heavily on the sellers of the good
B. The burden of a tax falls on the side of the market (buyers or sellers) from which it is collected
C. The distribution of the burden of a tax is determined by the relative elasticities of determined by legislation.
D. The tax burden falls most heavily on the side of the market (buyers and sellers) that is most willing to leave the market when price movements are unfavorable to them.
922. Indices of income distribution measure ?
A. absolute poverty
B. economic growth
C. relative poverty
D. standard of living
923. A value of 1 in Gini index represents ?
A. low inequality
B. maximum inequality
C. 10/10 000% inequality
D. 1% inequality
924. In 2003, the UN Development Program estimated that a 1-percent LDC per capita consumption growth, with income inequality unchanging, would reduce the poverty percentage by _________ percent yearly?
A. 0
B. 2
C. 6
D. 0.5
925. The Lorenz curve shows ?
A. patterns of poverty between developed and developing countries
B. the change in GDP per capita over time
C. the poorest’s income shares fall in the early stages of growth
D. income concentration relative to a 45-degree line
926. Sala-i-Martin interpolates income distribution by ?
A. quientiles
B. percentiles
C. simulation
D. relative ratio measures
927. Which of the following takes place when a tax is placed a good ?
A. a decrease in the price buyers pay, an increase in the price sellers receive, and a decrease in the quantity sold
B. an increase in the price buyers pay a decrease in the price sellers receive, and an increase in the quantity sold
C. a decrease in the price buyers pay, an increase in the price sellers receive and an increase in the quantity sold
D. an increase in the price buyers pay a decrease in the price sellers receive and a decrease in the quantity sold
928. The burden of a tax falls more heavily on the sellers in a market when ?
A. both supply and demand are elastic
B. both supply and demand are inelastic
C. demand is inelastic and supply in elastic
D. demand is elastic, and supply is inelastic
929. The burden of a tax falls more heavily on the buyers in a market when ?
A. both supply and demand are inelastic
B. demand is elastic, and supply are inelastic
C. both supply and demand are elastic
D. demand is inelastic, and supply is elastic
930. For which of the following products would the burden of a tax likely fall more heavily on the sellers ?
A. Clothing
B. food
C. housing
D. entertainment