A tax that is imposed at each stage of production is a
a. sales tax
b. excise tax
c. high-incidence tax
d. value-added tax
e. none of the above
C
You might also like to view...
Of the approximate total population of 300 million people in America, about how many have incomes below the official poverty level?
A) approximately 13 million B) approximately 46 million C) approximately 73 million D) approximately 104 million
Normative economics concerns
a. analysis of social and economic norms b. statements of fact c. the analysis of what is d. the study of what ought to be e. value-free judgments
Which of the following types of countries has experienced increasing inequality in recent decades?
A. Poor countries B. Countries with low economic growth C. Rich countries D. All of these have experienced increasing inequality.
A polluting company can be billed in proportion to its pollution through
A. Emission charges. B. Tradable pollution permits. C. Higher user fees. D. Privatization.