Answered: Why do some economists advocate taxing…

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Economics

Why do some economists advocate taxing consumption rather than income?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter28: International Trade And Finance

Section: Chapter Questions

Problem 8SQP

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Question

Why do some economists advocate taxing consumption rather than income?

Give two arguments why wealthy taxpayers should pay more taxes than poor taxers?

Pakistan has trade imbalance where our imports are far more than our exports, based on comparative advantage theory suggest ways and means by which we can improve international trade?

Unemployment is a global issue, what steps government had to take to curb it. Suggest by which we can improve employment.

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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