A tax levied on the purchase of a specific good or service is
A) an excise tax.
B) a consumption tax.
C) a purchase tax.
D) a value tax.
A
You might also like to view...
The current exchange rate system in the United States is best described as a
A) silver standard. B) fixed exchange rate system. C) managed float exchange rate system. D) gold standard.
Corporations obtain funds when their previously issued stock is traded.
Answer the following statement true (T) or false (F)
For a monopolist, the market demand curve:
A. is equal to the monopolist's MR curve. B. is not important, since the monopolist is the only producer. C. must be horizontal. D. is also the demand for the monopolist's product.
In the taste-for-discrimination model:
A. discriminatory employers behave as if employing nonpreferred-race workers adds to costs. B. individual workers are judged by the characteristics of the groups to which they belong. C. prejudiced white employers will never hire African-American workers. D. women and minorities are confined to a limited number of occupations.