Which of the following statements is true?
A) The main items that comprise indirect business taxes include excise taxes, income taxes, and property taxes.
B) Capital consumption allowance is also known as depreciation.
C) A sales tax is an example of an indirect business tax.
D) b and c
E) a, b, and c
D
You might also like to view...
Refer to Figure 7-2. At the market equilibrium
A) the marginal cost is less than the marginal benefit. B) the marginal cost is greater than the marginal benefit. C) the marginal cost is equal to the marginal benefit. D) the marginal cost is zero.
In the last few decades, the poverty rate in the US has
A. increased. B. decreased. C. changed little. D. may have increased or decreased, we do not know for certain.
At a price for which quantity demanded exceeds quantity supplied, a __________ is experienced, which pushes the price __________ toward its equilibrium value
A) surplus; downward B) surplus; upward C) shortage; downward D) shortage; upward
Assume that a bank initially has no excess reserves. If it receives $5,000 in cash from a depositor and the bank finds that it can safely lend out $4,500, the reserve requirement must be:
A. zero. B. 10 percent. C. 20 percent. D. 25 percent.