Taxes that are designed to discourage consumption of the taxed good are called _____
a. regressive taxes
b. head taxes
c. sumptuary taxes
d. sales taxes
c
You might also like to view...
A textbook publisher is in monopolistic competition. The firm can sell no books at $100 a book, but for each $10 cut in price, the quantity of books it can sell increases by 20 books a day. The firm's total fixed cost is $2,400 a day
Its average variable cost and marginal cost is a constant $20 per book. What is the firm's maximum economic profit? A) zero B) $800 C) -$400 D) $1,000
Comparative advantage is based on the
A) concept that some countries are superior to others. B) concept of absolute advantage of producing goods in different countries. C) concept of relative opportunity cost of producing goods in different countries. D) concept that some countries are better endowed with natural resources.
A firm's reinvested profit is referred to as:
a. corporate bonds. b. dividends. c. an annuity d. retained earnings.
An indifference curve shows all:
A. possible equilibrium positions on an indifference map. B. equilibrium combinations of two products that are obtainable with a given money income. C. combinations of two products yielding the same total utility to a consumer. D. possible combinations of two products that a consumer can purchase, given her income and the prices of the products.