« previous next »

Author Question: Value added taxes _____. a. have the same tax base as a consumption tax b. have the same tax ... (Read 16 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
Value added taxes _____.
 
  a. have the same tax base as a consumption tax
  b. have the same tax base as an estate tax
  c. have the same tax base as a retail sales tax
   d. have the same tax bas as an income tax

Question 2

Employing a general equilibrium approach, describe the effect of a new law that prohibits steel imports.
 
  What will be an ideal response?


Chocorrol77

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

The initial effect is that the supply curve for steel shifts leftward. This raises the price of steel. The largest users of steel are the automobile industry, the construction industry, and the appliance industry. The increased cost of inputs will raise the price of the goods produced by these industries. Given time, these industries will look to substitute plastic or aluminum in place of steel, raising the prices of these materials.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Relative Energy Consumption per Person for Selected Countries Relative Energy Consumption per Person for Selected Countries
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
Building a Client Base Building a Client Base
Pi molecular orbital system of PLP-amino acid Schiff base Pi molecular orbital system of PLP-amino acid Schiff base
Pathway of base excision repair Pathway of base excision repair
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Video: Introduction to Sleep Apnea

For a complete list of videos, visit our video library