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B) too many outdated products are offered for sale in the local supermarket.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.
Worldly Goods
Personal Beliefs Influence Grades
The risk of dying before the age of 65 gets lower as family income gets higher.
Shippers Declaration for Dangerous Goods
How the Distribution of Education Affects the Distribution of Income
Relationship between Income per Capita and Population Growth