The essential difference between sales and excise taxes is that
A. sales taxes apply to a wide range of products, while excises taxes apply only to a select group of products.
B. excise taxes apply to a wide range of products, while sales taxes apply only to a select group of products.
C. sales taxes are consumption taxes, while excise taxes are not.
D. excise taxes are consumption taxes, while sales taxes are not.
A. sales taxes apply to a wide range of products, while excises taxes apply only to a select group of products.
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A) Human capital B) Human skill C) A gift of nature D) Entrepreneurship E) Profit
As a percentage of GDP, non-military government purchases have remained very low and stable
a. True b. False
The mathematical result showing that a majority rule voting system will produce the outcome most preferred by the voter exactly in the middle of the distribution is called the
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.