Which of the following are considered ad valorem taxes?
A) taxes assessed by charging a rate equal to a percentage of an item's price
B) taxes assessed by charging a flat amount per unit purchased
C) taxes based on the amount of debt that the government must repay
D) taxes based on the amount of spending the government will undertake
Answer: A
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In the United States, health care spending on people over age 65 is ________ on people aged 18 to 24
A) six times greater than B) twice as much as C) forty times greater than D) one third as much as
The rate a bank pays for deposit insurance should be independent of the investments undertaken by the bank with depositors' funds
Indicate whether the statement is true or false
A uniform-abatement policy is:
A. inefficient because it does not exploit the differences in abatement costs among firms. B. efficient because an equal amount of pollution is assigned to each firm. C. inefficient because it incurs relatively low compliance costs. D. efficient because it helps firms lower their production costs.
Which of the following is not a barrier to entry?
A. Government regulation. B. Control of essential factors of production. C. Homogeneous Products. D. Economies of scale.