The measure or value upon which a tax is levied is the
A. tax base.
B. tax incidence.
C. tax rate.
D. tax structure.
Answer: A
You might also like to view...
Suppose that a firm operating in perfectly competitive market sells 300 units of output at a price of $3 each. Which of the following statements is correct? (i) Marginal revenue equals $3. (ii) Average revenue equals $100. (iii) Total revenue equals $300
a. (i) only b. (iii) only c. (i) and (ii) only d. (i), (ii), and (iii)
An expansion of the money supply by the country's central bank
A. decreases the willingness of banks to lend money. B. reduces the price level. C. causes domestic interest rates to fall. D. increases the level of international capital inflows.
If real salaries increase but nominal salaries do not, this means that:
A. the purchasing power of money has decreased. B. prices have not changed. C. prices have risen. D. prices have fallen.
According to the government budget constraint, any excess of public expenditures and transfers over taxes and user fees must be funded by
A. U.S. Treasury money creation. B. private borrowing. C. Federal Reserve money creation. D. government borrowing.