The incidence of a tax refers to
a. who receives the benefits from the revenue generated by the tax
b. the changes in the marginal tax rate as income increases
c. whether the tax is regressive, proportional, or progressive
d. who bears the burden of the tax
e. whether the tax is based on the ability-to-pay principle
D
Economics
You might also like to view...
In the monopoly, the firm's marginal revenue curve is ________, while in a perfectly competitive market, each firm's marginal revenue curve is ________
A) downward sloping; horizontal B) horizontal; downward sloping C) upward sloping; horizontal D) downward sloping; upward sloping
Economics
Costs that are borne solely by the individuals who incur them are
A) private costs. B) social costs. C) external costs. D) transaction costs.
Economics