The net revenue gains to states from implementing remote taxes would likely be less than estimated because
A. people will just lie about their location.
B. consumers will decrease? out-of-state purchases.
C. there is no way to identify? out-of-state sales.
D. tax rates vary among states.
Ans: B. consumers will decrease? out-of-state purchases.
You might also like to view...
Cheese is priced at $5 per pound and wine at $10 per bottle. A consumer who enjoys both cheese and wine will not be in consumer equilibrium until the marginal utility of a pound of cheese is:
a. four times that of wine. b. one-fourth that of wine. c. two times that of wine. d. one-half that of wine.
Which of the following is a component of aggregate demand?
A. Net exports B. Taxes C. Government revenues D. Income
When the price of a movie ticket increases from $5 to $7, the quantity of tickets demanded decreases from 600 to 400 a day. What is the price elasticity of demand for movie tickets?
A) 0.83 B) 1.20 C) 1.00 D) 2.32
Louise is unemployed due to a decrease in the demand for workers with a knowledge of a certain word processing language. This is an example of:
a. cyclical unemployment. b. frictional unemployment. c. involuntary unemployment. d. structural unemployment.