The 'Goods and Services Tax' on manpower supply services is: MCQ with Answer and Explanation

Explanation:
The impossible trinity (or trilemma) states that it is impossible for a country to maintain a fixed exchange rate, free capital mobility and an independent monetary policy at the same time.

Explanation:
Necessities with few or no close substitutes tend to have inelastic demand because consumers cannot easily reduce consumption when price rises.

Explanation:
Ricardian equivalence argues that public borrowing is offset by higher private saving in anticipation of future taxes.