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Author Question: Ad valorem taxation A) refers to the personal income tax. B) is used to tax goods but not ... (Read 59 times)

Pea0909berry

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on: Jun 29, 2018
Ad valorem taxation
 
  A) refers to the personal income tax.
  B) is used to tax goods but not services.
  C) is assessed by charging a tax rate as a fraction of the market price of a good.
  D) is a tax that is applied only to cigarettes and alcohol.

Question 2

Market failure means that
 
  A) the strike organized by unionized employees fails to achieve its goal.
  B) too many outdated products are offered for sale in the local supermarket.
  C) there is overallocation or underallocation of resources to certain economic activity.
  D) an unexpectedly harsh winter shuts down a factory.


tennis14576

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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