A tax of 5 per airplane ticket is _____. a. a unit tax b. an ...

[audie]

A tax of 5 per airplane ticket is _____.
 
  a. a unit tax
  b. an ad valorem tax
  c. an income tax
   d. a value-added tax

Question 2

In the Primary Metals industry, it is estimated that the elasticity of output with respect to labor is 0.51 and the elasticity of output with respect to capital is 0.73.
 
  These two measures indicate that the primary metals industry is characterized by A) decreasing returns to scale.
  B) constant returns to scale.
  C) increasing returns to scale.
  D) no returns to scale.

[matt]

Answer to Question 1

a

Answer to Question 2

C