A head tax is
a. a tax in the form of a percentage of the value of the good taxed
b. a fixed tax in the form of cents or dollars per unit of the good
c. a sales tax applied to a foreign good
d. any tax levied on a good
e. the same as a poll tax
E
You might also like to view...
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Evidence suggests that financial deepening is of greatest benefit to ________
A) industries that are highly dependent on external sources of funds B) family-owned enterprises C) established firms, rather than new firms D) child workers
When a bank loan is repaid, the supply of money:
A. is constant, but its composition will have changed. B. is decreased. C. is increased. D. may either increase or decrease.
An advance in technology will
A) not shift the production function but will lead to a movement down along the production function. B) shift the production function downward. C) not shift the production function but will lead to a movement up along the production function. D) shift the production function upward.