Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

MCQ 16

clipped from www.tutor2u.net

A switch from direct to indirect taxation in the UK would be likely to

  1. Lead to a rise in interest rates
  2. Cause a change in the pattern of demand for goods and services
  3. Lead to an immediate fall in the rate of inflation
  4. Reduce the incentive to work
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