The statutory incidence (or burden) of a tax refers to
a. the governmental agency responsible for collecting the tax.
b. who actually bears the burden of a tax once changes in market prices are taken into account.
c. the degree of progressiveness in the rate structure of the tax.
d. who the tax is legally or statutorily imposed on.
D
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The traditional view of fixed rate systems was that
A) they improved inflation but were worse for growth. B) they improved stability but were worse for inflation. C) they improved inflation but worsened stability. D) they improved growth but worsened inflation.
A firm that practices resale price maintenance
a. has incentive to reduce competition between its retailers. Resale price maintenance can lead to more service. b. has incentive to reduce competition between its retailers. Resale price maintenance cannot lead to more service. c. has no incentive to reduce competition between its retailers. Resale price maintenance can lead to more service. d. has no incentive to reduce competition between its retailers. Resale price maintenance cannot lead to more service.