The federal government and some state governments levy taxes on specific goods such as gasoline, cigarettes, and beer. These are known as
A) sin taxes. B) sales taxes. C) specific taxes. D) excise taxes.
D
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Which of the following statements is true?
A) Countries with lower investment in research and development (R&D) are likely to have higher standards of living. B) The Industrial Revolution started in the United States and spread to other parts of the world. C) The Industrial Revolution started in South America and spread to other parts of the world. D) Countries with a higher investment in research and development (R&D) are likely to have higher standards of living.
Like the dual banking system for commercial banks, thrifts can have either ________ or ________ charters
A) state; federal B) state; local C) local; federal D) municipal; federal
If the demand for land shifts upward, rents will be
A. earned by some land that was formerly unprofitable. B. lost to many landowners. C. diminished for society as a whole. D. taxed away to help pay the costs of government.
A change in the quantity demanded of hamburgers occurs only when the price of hamburgers changes.