A tax of a specific absolute sum, say $100, levied on every person or every household is known as a(n)
a. excise tax
b. sales tax
c. external tax
d. duty
e. poll tax
E
You might also like to view...
Which of the following will shift the demand curve for milk?
A. Change in the income of buyers of milk B. Change in the price of milk C. Change in input prices for milk D. All of these responses are correct.
A key factor that leads to economic growth is
A) human capital accumulation. B) increasing current consumption. C) avoiding the opportunity cost of investment. D) Both answers A and B are correct.
In the early 1800s, ______________ developed a plan for the federal government's involvement in building transportation infrastructure such as canals and roads
a. Albert Gallatin b. Robert Fulton c. Thomas Jefferson d. Alexander Hamilton
According to liquidity preference theory, if the quantity of money demanded is greater than the quantity supplied, then the interest rate will
a. increase and the quantity of money demanded will decrease. b. increase and the quantity of money demanded will increase. c. decrease and the quantity of money demanded will decrease. d. decrease and the quantity of money demanded will increase.