Indirect business taxes include
A. business property taxes and sales taxes.
B. sales taxes and income taxes.
C. property taxes and corporate income taxes.
D. income taxes and Social Security taxes.
Answer: A
You might also like to view...
If mutual interdependence among firms is present, each profit-maximizing firm in the market
a. produces a product that must be identical to the products of its rivals. b. must consider the reactions of its rivals when it determines its price policy. c. faces a perfectly elastic demand curve for its product. d. faces a perfectly inelastic demand curve for its product.
What is the most accurate description of the value of a worker to the firm?
A. the firm's total output when holding capital fixed B. the dollar value of the average worker's output C. the dollar value of the worker's output D. the wage E. the firm's average product when holding capital fixed
If Sam does not have a job and is NOT looking for work, he is considered:
A. unemployed and in the labor force. B. unemployed and not in the labor force. C. not in the labor force. D. unemployed.
The result that perfectly competitive firms produce at the lowest per-unit cost is derived from the assumptions of
A. homogeneous products. B. few sellers. C. firms facing horizontal demand curves. D. free entry and exit.