Two taxes that have consumption as a tax base are ____ taxes and _____ taxes
a. income; general sales
b. general sales; valued-added
c. excise; income
d. estate; retail sales
b
You might also like to view...
A person keeps $500 in his home in order to be prepared for some unforeseen future event. This reflects his
A) speculative demand for money. B) asset demand for money. C) liquidity demand for money. D) precautionary demand for money.
Under TANF, all state programs must be identical
Indicate whether the statement is true or false
The increase in world oil prices during the 1970s was
A. the result of depletion of world reserves of oil. B. artificially created by OPEC. C. the result of extremely high growth rates in industrialized countries. D. fully reversed by 1982.
What happens to the money multiplier when the reserve requirement increases from 20% to 25%?
a) It stays the same. b) It increases from 20 to 25. c) It decreases from 5 to 4. d) It falls to zero.