________ taxes are paid by a buyer as a percentage of the market price of an item
A) Sales
B) Wealth
C) Payroll
D) Property
A
You might also like to view...
The current-dollar GDP can be converted into a constant-dollar GDP by
a. adding a price index. b. subtracting a price index. c. multiplying by a price index. d. dividing by a price index.
If a firm has two production alternatives and the price of one decreases, this will cause the other good's
A. supply curve to shift to the left. B. supply curve to shift to the right. C. demand curve to shift to the right. D. demand curve to shift to the left.
The tobacco industry has a Lerner index of 0.76. Based on this information, compute the optimal markup factor.
A. 0.24 times price B. 4.17 times price C. 4.17 times marginal cost D. There is not sufficient information to determine the optimal markup factor.
The third largest source of government tax revenues that contributes roughly 10 percent to total revenues is:
A. payroll tax. B. personal income tax. C. corporate income tax. D. excise tax.