Author Question: Refer to Figure 18-1. Area B + C represents A) the portion of sales tax revenue borne by ... (Read 76 times)

jayhills49 · **on:** Jun 29, 2018

Refer to Figure 18-1. Area B + C represents

A) the portion of sales tax revenue borne by consumers.
B) the portion of sales tax revenue borne by producers.
C) the excess burden of the sales tax.
D) sales tax revenue collected by the government.

Question 2

________ are financial securities that represent promises to repay a fixed amount of funds.

A) Bonds B) Stocks C) Interest rates D) Mutual funds