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Q. When expenditure exceeds total tax revenue, it is called:

Q. The economic incidence of a unit tax is

Q. The following is not a characteristic of a tax.

Q. In internal debt ................ are important.

Q. Debts that are repaid at some specific future date are known as

Q. The ability to pay principle of taxation is logically most consistent with the normative notion of :

Q. Pure private goods are those for which consumption is

Q. Mixed goods are those goods having benefits which are:

Q. Progressive taxes: