7. The tax imposed to Filipinos in order to generate the n reserve for debt servicing. O Duty Tax O Ad Valorem Tax O Value Added Tax O Excise Tax

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter13: General Equilibrium And Welfare
Section: Chapter Questions
Problem 13.8P
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7. The tax imposed to Filipinos in order to generate the much needed
reserve for debt servicing.
O Duty Tax
O Ad Valorem Tax
Value Added Tax
O Excise Tax
8. Which is NOT true about Taxation
It is obligatory
O It raises revenue
It covers even inanimate objects
O It covers even the minors
Transcribed Image Text:7. The tax imposed to Filipinos in order to generate the much needed reserve for debt servicing. O Duty Tax O Ad Valorem Tax Value Added Tax O Excise Tax 8. Which is NOT true about Taxation It is obligatory O It raises revenue It covers even inanimate objects O It covers even the minors
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