The incidence of sales tax is determined by the
A: A) level of government (for example, local, state, or federal) which imposes the tax.
B: B) federal government in all cases.
C: C) greed of the sellers.
D: D) price elasticities of supply and demand.
A: A) level of government (for example, local, state, or federal) which imposes the tax.
B: B) federal government in all cases.
C: C) greed of the sellers.
D: D) price elasticities of supply and demand.
举一反三
- A tax imposed on a market with an inelastic demand and an elastic supply will cause() A: sellers to pay the<br/>majority of the tax. B: buyers to pay the<br/>majority of the tax. C: the tax burden to<br/>be equally divided between buyers and sellers. D: the tax burden to<br/>be divided, but it cannot be determined how.
- It is the federal government that collects the property tax which provides income for it.
- If a tax is imposed on a market with inelastic supply and elastic demand, then A: buyers will bear most of the burden of the tax. B: sellers will bear most of the burden of the tax. C: the burden of the tax will be shared equally between buyers and sellers. D: it is impossible to determine how the burden of the tax will be shared.
- Local government ______ could be obtained through a local income tax and/or a local sales tax. A: budget B: expense C: finance D: revenue
- A______ system of government is one that divides the powers of government between the national (federal) government and state and local governments.