[Answered] All taxes distort market decisions, affecting the buying and selling of goods and services. a. True ...

This topic contains a solution. Click here to go to the answer

Author Question: All taxes distort market decisions, affecting the buying and selling of goods and services. a. True ... (Read 98 times)

JMatthes

Hero Member
Posts: 578

on: Jun 30, 2018

All taxes distort market decisions, affecting the buying and selling of goods and services.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An inferior good or service is any good or service for which an increase in income causes a decrease in demand.
a. True
b. False
Indicate whether the statement is true or false

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

scikid

Sr. Member
Posts: 300

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

True

JMatthes

Hero Member
Posts: 578

Reply #2 on: Jun 30, 2018

Thank you

scikid

Sr. Member
Posts: 300

Reply #3 on: Jun 30, 2018

Happy to help you

« previous next »

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Generally, the total tax burden in the United States is much lower than that of other industrialize

Shippers Declaration for Dangerous Goods

Main Hall, Trajan's Market

Selling Today: Partnering to Create Value (Manning/Ahearne/Reece)

Stock Market Tracks Growth in GDP

Iraqi market

Author Question: All taxes distort market decisions, affecting the buying and selling of goods and services. a. True ... (Read 98 times)

Related Topics

Need homework help now?