A tax levied on purchases of a particular good or service
A) is illegal because it is discriminatory.
B) always leads to a reduction in total tax revenues.
C) always leads to an increase in total tax revenues.
D) is an excise tax.
D
You might also like to view...
If an Atlanta bakery raises the price of their rye bread by 11 percent and the quantity demanded decreases by 11 percent, then the demand for the rye bread is ________ and the bakery's total revenue ________
A) unit elastic; does not change B) unit elastic; increases C) unit elastic; decreases D) elastic; does not change E) inelastic; does not change
The analysis of the behavior of individual decision-making units is the definition of
A) microeconomics. B) positive economics. C) macroeconomics. D) normative economics.
If a firm has two plants, one located in desirable Scenic Springs and the other located in the undesirable Swamp Lands, the workers in Scenic Springs will be paid ________ than the workers in Swamp Land and the difference in wages is referred to as a ________.
A) less; compensating wage differential B) less; worker equity payment C) more; worker equity payment D) more; compensating wage differential
The extra revenue produced by the change in quantity, on a per-unit basis, is called:
A. marginal benefit. B. marginal revenue. C. infra marginal units. D. both marginal benefit and marginal revenue.