List-I (Principle of sacrifice), List-II (Tax liability of rich man) and List-III (Tax liability of…
Equal marginal sacrifice imposes the heaviest burden on the rich and the least on the poor in the simplified sacrifice model. This gives the matching C–F–I.
Choose your answer
List-I (Principle of sacrifice), List-II (Tax liability of rich man) and List-III (Tax liability of poor man) are given :
| List-I | List-II | List-III |
|---|---|---|
| A. Equal absolute sacrifice | D. More | G. Less |
| B. Equal proportional sacrifice | E. Least | H. Most |
| C. Equal marginal sacrifice | F. Most | I. Least |
Which is the correct match ?
Answer and explanation
Correct answer A
Equal marginal sacrifice imposes the heaviest burden on the rich and the least on the poor in the simplified sacrifice model. This gives the matching C–F–I.
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RPSC Assistant Professor (College Education)