A tax which is paid by the person on whom the tax is incident is called a :
1). local tax
2). indirect tax
3). direct tax
4). rate
2. Question 14:Explain the supply-demand reversal of environmental resources.
3. Income elasticity of demand for normal goods is always
4. Unemployment of labour means that
5. If marginal opportunity cost is falling, the PPF would be
6. Question 3:When do we say that there is an excess supply for a commodity in the market?
7. Credit creation power of the commercial banks gets limited by which of the following?
9. Short term contractions and expansions in economic activity are called ______________
10. Question 12:Is the change in any price reflected in a price index number?