Author Question: Sales taxes are A) assessed on the prices paid on a large set of goods and services. B) levied ... (Read 110 times)

kshipps · **on:** Jun 29, 2018

Sales taxes are

A) assessed on the prices paid on a large set of goods and services.
B) levied on purchases of a particular good or service.
C) based on each individual taxpayer's income level.
D) collected only by the U.S. government.

Question 2

Refer to the above figure. If the farmer is producing 4,000 bushels of beans and 38,000 bushels of wheat, then we know the farmer

A) is using resources efficiently.
B) is producing too much wheat.
C) is inefficient because point a is the most efficient point on the curve.
D) must be using more resources than were assumed available in constructing the graph.