The tax rate structure is the
A. measure of who pays the tax.
B. study of how taxes change over time.
C. measure or value upon which a tax is levied.
D. percentage of a tax base that must be paid in taxes.
Answer: D
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The sales revenue a seller receives from the sale of an additional unit of goods is called the marginal benefit
Indicate whether the statement is true or false
Peter Piper picks a peck of pickled peppers using 10 units of labor and two pepper-picking machines. The last worker hired picked 100 peppers, and the last machine added 1,000 peppers. If labor can be hired at $5 a pepper picker and machines cost $5,000, what advice do you have for Peter Piper?
What will be an ideal response?
The quantity demanded in a market depends on many things, but the concept of elasticity focuses on the effect of changes in the price of the good
a. True b. False Indicate whether the statement is true or false
Assuming diminishing returns,
a. the increase in output growth from an increase in the saving rate rises over time, and that, other things the same, rich countries should grow faster than poor ones. b. the increase in output growth from an increase in the saving rate falls over time, and that, other things the same, rich countries should grow faster than poor ones. c. the increase in output growth from an increase in the saving rate rises over time, and that, other things the same, poor countries should grow faster than rich ones. d. the increase in output growth from an increase in the saving rate falls over time, and that, other things the same, poor countries should grow faster than rich ones.