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Author Question: Economists have shown that the burden of a tax is the same whether the tax is collected from the ... (Read 28 times)

Haya94

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Economists have shown that the burden of a tax is the same whether the tax is collected from the buyer or the seller. Why, then, are gasoline and cigarette taxes imposed on sellers?
 
  A) It is more difficult for buyers to keep track of their purchases, and for the government to verify that the right of amount of tax revenue is collected.
  B) Sellers are more honest than buyers.
  C) The demand for both gasoline and cigarettes is very elastic.
  D) The Equal Protection Clause of the U.S. Constitution prohibits the government from imposing taxes like these on buyers.

Question 2

Which of the following is counted as capital in economics?
 
  A) the money people have B) the wealth people have
  C) the machines workers have to work with D) the labor force


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briseldagonzales

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Haya94

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


blakcmamba

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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