A tax that is structured so that people pay the same percentage of their income in taxes is called a(n):
A. flat tax.
B. regressive tax.
C. progressive tax.
D. excise tax.
Answer: A
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The imposition of an excise tax on a product will shift that product's ________ curve vertically by the exact amount of the tax. This represents ________.
A. supply; a decrease in supply. B. ?demand; a decrease in demand. C. ?supply; an increase in supply. D. ?demand; an increase in demand.
List the various categories into which a bank's liabilities are divided?
What will be an ideal response?
Given the data in the above table, income of $13, a price of $1 for a bottle of water and $2 for a hamburger, what is the quantity of water and the quantity of hamburgers that will maximize the consumer's total utility?
A) 5 bottles of water and 4 hamburgers B) 4 bottles of water and 4 hamburgers C) 1 bottle of water and 6 hamburgers D) 6 bottles of water and 6 hamburgers
A leveraged buyout by Eaton's of Simpson's stock or assets
a. is financed by Eaton's using its own corporate retained earnings b. is primarily debt financed c. is financed by Eaton's stock offering d. is financed by Eaton's selling Simpson's stock or assets that Eaton's acquires in the leveraged buyout e. is financed by Simpson's going bankrupt allowing Eaton's to buy its stock or assets below value (which means leveraged)