Who actually pays an excise tax
A. is determined by income bracket.
B. is determined by who the law assigns the tax.
C. is wage and salary earners but not people who have only investment income.
D. is determined by the change in prices and outputs caused by the tax.
Answer: D
You might also like to view...
Falling interest rates can
A) raise the cost of buying new homes and fewer new homes will be purchased. B) lower the cost of buying new homes and fewer new homes will be purchased. C) raise the cost of borrowing for firms and decrease investment. D) increase a firm's stock price, which causes firms to issue more stock shares, and thus increases funds for investment.
__________ make(s) it easy for small savers to diversify their portfolios
A) Direct finance B) Traded securities C) Regulation Q D) Financial intermediaries