If a tax is legally required to be paid by sellers, sellers typically bear the full burden of the tax.
Answer the following statement true (T) or false (F)
False
The percentage of the tax paid by the supplier and the consumer is independent of who actually makes the physical payment of the tax.
You might also like to view...
An increase in the interest rate will cause planned investment ______
Fill in the blank(s) with the appropriate word(s).
Let C = 80 + 0.6y and I = 40. The value of the MPS is
A) 0.24. B) 0.4. C) 0.48. D) 0.6.
If an indifference map for a consumer is made up of straight, negatively sloped lines, the goods are
A) perfect complements. B) unrelated. C) perfect substitutes. D) not desirable.
Individual employment and training programs are levers most likely to be advocated by:
A. Classical economists. B. New classical economists. C. Keynesians. D. Supply-side economists.