Which circumstance is most likely to cause a farmer to store soybeans for future sale instead of selling them right after harvest?
(A) Inflation is running at 25 percent.
(B) The government lifts restrictions on the importation of soybeans.
(C) A new technology decreases the chance of rot.
(D) The government imposes an excise tax effective next year.
Ans: (D) The government imposes an excise tax effective next year.
Economics
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Which of the following can be classified as a regressive tax?
a. Federal corporate income tax. b. Federal personal income tax. c. Federal gasoline tax. d. All of these.
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