An example of ad valorem taxation is
A) a luxury tax.
B) the corporate profit tax.
C) the personal income tax.
D) the Social Security tax.
A
Economics
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Explain two reasons why the Fed does not have complete control over the level of bank deposits and loans. Explain how a change in either factor affects the deposit expansion process
What will be an ideal response?
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For the perfectly competitive firm, price
A) equals average revenue and marginal revenue. B) equals average total cost. C) changes as output changes. D) depends on the fixed cost for the firm.
Economics