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Author Question: A tax levied on purchases of a particular good or service A) is illegal because it is ... (Read 147 times)

tiffannnnyyyyyy

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on: Jun 29, 2018
A tax levied on purchases of a particular good or service
 
  A) is illegal because it is discriminatory.
  B) always leads to a reduction in total tax revenues.
  C) always leads to an increase in total tax revenues.
  D) is an excise tax.

Question 2

Refer to the above figure. Between points f and g, the opportunity cost of producing 75 more bushels of wheat is
 
  A) 1 bushel of beans.
  B) 4 bushels of beans.
  C) 25 bushels of beans.
  D) 100 bushels of beans.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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uniquea123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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