JC1 Chapter 13 Part 1

On 1 April 2022,  the _ _ _ in Indonesia was raised to 11%.

Free of charge services such as streetlight, public park, and police force are not financed through ....

• Consumer Surplus

• VAT

• GST

• Income Tax

The following are the reasons why subsidies may be provided, except...

• to encourage greater consumption of merit goods

• to provide services that would not be provided by the free market

• to provide money for the government

• to contribute to a more equitable distribution of income

The opportunity cost of subsidizing petrol fuel is ...

• The price of Petralite Rp 10,000

• Free healthcare

• An increase in income tax

• Providing an opportunity for exporters to sell more goods

Consumers' share of subsidies is ...

• P₁PTA

• P₁ZTX

• PZAX

• PZTX