Unit excise taxes imposed on gasoline, alcohol, and cigarettes are
A) largely paid by the producers because they want to maintain their level of sales.
B) largely paid by consumers because they are not very responsive to price changes.
C) shared equally between the producer and the consumer.
D) paid by the wholesalers of these products.
B
You might also like to view...
A nation's saving equals its ________ income less its spending on ________.
A. real; investment B. nominal; net taxes C. nominal; investment D. current; current needs
The rule of 72 is a formulation that allows us to know, in a very quick and simple manner, the approximate time it takes to double a number that grows at a constant rate
a. True b. False Indicate whether the statement is true or false
A tariff is a tax imposed on ________ good.
A. a luxury B. an illegal C. a domestic D. an imported
Recall the Application about the policies used by the European Union to support the agricultural sectors of is member countries to answer the following question(s). According to this Application, the policies used by the European Union to support the agricultural sectors of its member countries created excess supply. Excess supply can be generated if a government establishes a:
A. price ceiling below the market equilibrium price. B. price ceiling above the market equilibrium price. C. price floor below the market equilibrium price. D. price floor above the market equilibrium price.