A tax levied on imported goods is called a(n):

According to the textbook, for most goods and services-foods, beverages, entertainment, etc.-the income elasticity of demand is:

A. larger in the short run than in the long run. B. larger in the long run than in the short run. C. about the same in the short run and in the long run. D. is difficult to differentiate from the short run to the long run.

When one examines the nature of a tax in relation to the incomes of people paying the tax, it is possible to

a. calculate aggregate impact b. determine relative burden c. identify poll tax levels d. determine corporate responsibility e. find customs duties