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Author Question: Suppose the government imposes an 8 percent sales tax on clothing items and the tax is levied on ... (Read 142 times)

elizabeth18

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on: Jun 29, 2018
Suppose the government imposes an 8 percent sales tax on clothing items and the tax is levied on sellers. Who pays for the tax in this situation? (Assume that the demand curve is downward sloping and that the supply curve is upward sloping.)
 
  A) The sellers will pass on the entire sales tax to consumers and therefore the consumers bear the tax.
  B) The tax will be borne partly by consumers and partly by sellers.
  C) It is not possible to answer the question without information on price elasticities.
  D) The tax is borne entirely by the sellers.

Question 2

Compensating differentials are
 
  A) non-monetary benefits from being employed, such as health-care benefits.
  B) higher wages that compensate the more experienced workers in a field.
  C) wages paid to workers where the supply of labor is great relative to demand.
  D) higher wages that compensate workers for unpleasant aspects of a job.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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Ahnyah

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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elizabeth18

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Reply #2 on: Jun 29, 2018
Correct answers!


Ahnyah

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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