Indirect taxes are levied on
a. spending
b. saving
c. income
d. wealth
e. none of the above
A
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The argument that developing countries should nurture their infant domestic industries by protecting them from foreign competition is known as
A) the infant industry argument. B) the escape clause hypothesis. C) preservation of the home market. D) institutional fair trade policy.
In the macroeconomics long run...
What will be an ideal response?
The Herfindahl index:
A. measures the prices charged by oligopolistic manufacturers. B. is another name for the four-firm concentration ratio. C. tells us whether oligopolistic firms are engaging in collusion. D. gives much greater weight to larger firms than to smaller firms in an industry.
A potential problem with piece-rate plans is that:
A. workers have no incentive to work hard. B. workers will produce a large quantity. C. workers may stress quantity instead of quality. D. it is difficult for managers to control.