Which of the following is one of the main revenue sources for state and local governments?
a. income taxes
b. sales taxes
c. estate taxes
d. excise taxes
b. sales taxes
You might also like to view...
Over the last 50 years, the employment ratio has fallen most significantly among ________
A) men B) women C) blacks D) Hispanics
If Utopia has a closed economy, the price of tile is $________ per case, and if it has an open economy the price of tile is $________ per case.
A. 15; 20 B. 30; 15 C. 15; 10 D. 20; 15
Suppose that there are two firms, each generating three tons of SO2. Suppose also that the government has set a target abatement level of two tons. Under a policy of uniform abatement with permits, each firm would receive:
A. two non-transferable pollution permits. B. two pollution permits which they could sell to each other. C. one pollution permit with a value equal to that firm's cost of abating one ton of SO2. D. one pollution permit with a value equal to the market price for a pollution permit.
Assume Congress decides that oil companies are making too much profit and decides to tax oil companies for each gallon of gasoline produced. This would
A) shift the marginal cost curve up. B) shift the marginal cost curve down. C) shift the average fixed cost curve up. D) shift the average fixed cost curve down.