When it comes to the composition of tax revenues from different sources,
(a) developing countries derive the largest portion of their revenue from income taxes and developed countries from consumption taxes.
(b) developing countries derive the largest portion of their revenue from consumption taxes and developed countries from income taxes.
(c) both developing countries and developed countries derive the largest portion of their revenue from income taxes.
(d) both developing countries and developed countries derive the largest portion of their revenue from consumption taxes.
B
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In a given year, the value of U.S. foreign exchange transactions ________
A) are roughly equal to the value of all U.S. export and import transactions B) cannot be calculated using nominal exchange rates C) are relatively small in comparison with the value of U.S. export and import transactions D) are approximately 25 times greater than the value of U.S. export and import transactions
Firms operating in a _____ market sell their products in a market where other firms produce identical products
a. monopoly b. perfect competitive c. monopsony d. duopoly
Corporations make up ________ percent of all U.S. businesses, and corporate sales make up ________ percent of all business sales
a. 89; 20 b. 25; 75 c. 19; 83 d. 83; 15
A firm will invest in a project if
A. the firm's level of capital is higher than the desired level. B. the rate of return of the project is greater than the opportunity cost of the investment. C. the interest rate exceeds the opportunity cost of the project. D. the firm's level of capital is at the desired level.