A tax imposed at every stage of production is a
a. value-added tax.
b. lump sum tax.
c. corrective tax.
d. regressive tax.
a
You might also like to view...
As a consumer moves rightward along an indifference curve, the
A) consumer remains indifferent among the different combinations of goods. B) consumer generally prefers the combinations of goods farther rightward along the indifference curve. C) income required to buy the combinations of the goods always increases. D) relative price of both goods falls.
Bonds that are sold in a foreign country and are denominated in a currency other than that of the country in which it is sold are known as
A) foreign bonds. B) Eurobonds. C) equity bonds. D) country bonds.
If a business firm continues to sustain losses, what usually happens in a market economy?
A) It remains in business and the resources it is using continue to be employed. B) It reorganizes as a government-supported organization and the resources continue to be employed. C) It goes out of business and the resources it was using become available for use in other areas. D) It reorganizes as a nonprofit organization.
The federal government receives most of its revenues from
A. personal income taxes. B. property taxes. C. corporate taxes. D. excise taxes.