The most important indirect taxes in the United States are
a. federal and state income taxes.
b. inheritance taxes.
c. corporate profits taxes.
d. sales and property taxes.
d
Economics
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The figure above shows the housing market in the city of Appleville. A rent ceiling of $650 per month is imposed. With the rent ceiling, the quantity of housing rented in Appleville is
A) 200 units below the efficient level. B) 100 units above the efficient level. C) 300 units below the efficient level. D) efficient.
Economics
Country A can produce 1 cello by giving up the production of 5 guitars. Country B can produce 1 guitar by giving up the production of 4 cellos. In which good does country A have a comparative advantage?
A) guitars B) cellos C) both goods D) neither good
Economics