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Cambridge IGCSE Economics practice

Which principle ensures that individuals pay taxes according to their ability to pay?

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Show answerFiscal policy revisionRevise the key idea

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MCQ

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cambridge_mcq

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Topic

Fiscal policy

Exam-style question

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Which principle ensures that individuals pay taxes according to their ability to pay?.

  1. A.Efficiency
  2. B.Equity
  3. C.Simplicity
  4. D.Transparency

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Paper 2 structured question: Fiscal policy

Paper 2Structured Questions1 marks

Description

Principles of a Good Tax System

A good tax system should be equitable, efficient, simple, transparent, and certain.

  1. a

    State one principle of a good tax system.

    Aim for approximately 1 distinct marking point.

    [1]