This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A change in taxes of a given amount affects an individual's consumption spending by less than that ... (Read 83 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
on: Jun 30, 2018
A change in taxes of a given amount affects an individual's consumption spending by less than that amount, because the marginal propensity to consume is less than 1.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is a form of a direct tax?
 a. Personal income tax
  b. Sales tax
  c. Excise duty
  d. Import tariff
  e. Value-added tax


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaykayy05

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


penza

  • Member
  • Posts: 1,022
Reply 2 on: Jun 30, 2018
Excellent

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

How Marijuana Affects the Brain How Marijuana Affects the Brain
U.S. Energy Consumption U.S. Energy Consumption
Consumption of animal products "استهلاك المنتجات الحيوانية" Consumption of animal products "استهلاك المنتجات الحيوانية"
Ecological sensitivity to climate change Ecological sensitivity to climate change
Ancient Climate Change: Following the Cretaceous Ancient Climate Change: Following the Cretaceous
Brain metabolism in a schizophrenic individual (left) and a normal individual (right). These scans o Brain metabolism in a schizophrenic individual (left) and a normal individual (right). These scans o
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library