Every tax has two parts: a(n) ________ and a(n) ________.
A. base; incidence
B. rate structure; excess burden
C. base; rate structure
D. incidence; rate
Answer: C
You might also like to view...
Why is the demand for labor a "derived demand?"
What will be an ideal response?
What conditions are necessary for a cartel to work? Diagram equilibrium price and output determination in a collusive oligopoly market. Explain how a decrease in demand accompanied by cheating by members can help break up a cartel
What will be an ideal response?
In a two-period model, holding everything else constant, an increase in government spending
A) unambiguously increases the current account surplus. B) unambiguously decreases the current account surplus. C) has an uncertain effect on the current account surplus. D) has no effect on the current account surplus.
A positive rate of time preference means that
a. time is relative to consumption b. consumption in the future is more important than consumption today c. consumption today is valued less than consumption in the future d. consumption in the future is valued less than consumption today e. consumption in the future and consumption today are positively related