In the context of sales taxation, SSTP stands for Simplified Sales Tax Project
a. True b. False
b
Economics
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Tariff revenue is an important source of operating revenue for many governments of high income countries
Indicate whether the statement is true or false
Economics
Protectionist policies often seek to shield domestic producers and domestic workers from ________ competition.
a. foreign b. local c. domestic d. unfair
Economics
If demand is perfectly elastic,
A. The demand curve is vertical. B. The demand curve is very steep. C. The demand curve has a zero slope. D. The demand curve is horizontal.
Economics
As real disposable income decreases, the average propensity to consume (APC)
A. is always be below MPC. B. increase. C. remains unchanged. D. decreases.
Economics