The incidence of a tax:
A. indicates how much of the tax burden is borne by suppliers.
B. indicates how much of the tax burden is borne by consumers.
C. indicates how much of the tax burden is borne by various market participants.
D. depends upon the shape of the supply curve only.
C. indicates how much of the tax burden is borne by various market participants.
You might also like to view...
According to the AK growth model, taxes on corporate income and capital gains ________ the incentive for firms to accumulate capital and ________ the steady-state growth rate
A) increase; increase B) reduce; reduce C) increase; do not change D) reduce; do not change
For which type of organization is unlimited liability likely to be the greater problem-proprietorships or partnerships? Why?
What will be an ideal response?
The Northwest Land Ordinance of 1785 provided for western lands to be divided into townships, each of which covered
a. 100 acres. b. all of the land between any two identifiable natural objects, such as streams, trees or rocks. c. enough land to support 10 families. d. 36 square miles.
To obtain a discount loan from the Fed, a commercial bank must:
A. provide collateral. B. agree to more frequent examinations. C. prove that the loan will be used to make loans. D. prove that it will fail if it does not obtain the loan.