Supply-side incentives commonly include which of the following tools to foster economic development?
a. Tax abatements
b. Loans for venture capital
c. Financial assistance for discrete product development
d. All of the above
Question 2
Which of the following is trueof sales tax?
A. The sales tax is the most important source of local revenue.
B. State sales tax on most retail goods is referred to as excise tax.
C. The general sales tax is set at a much higher rate than the specific sales tax.
D. State sales tax on specific items is referred to as general sales tax.
E. Every state, even those without a general sales tax, imposes selective sales taxes on some items.
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