Capitalism gets its name from the fact that capital resources are mostly:
A. Owned by the state or government
B. Given the highest priority in the economy's income distribution
C. Treated as private property
D. In the form of money and financial resources
Answer: C
Economics
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In what type of analysis could an increase in the tax rate lead to a decrease in tax revenues?
A) ad valorem taxation B) excise taxation C) dynamic tax analysis D) static tax analysis
Economics
The imposition of a unit excise tax on red wine will
A) lower equilibrium price and quantity in the market. B) increase equilibrium quantity and price in the market. C) lower equilibrium quantity and raise equilibrium price in the market. D) raise equilibrium quantity and lower equilibrium price in the market.
Economics