Which of the following is an example of an excise tax?
a. a tax on the wages that a firm pays its workers
b. a tax on tobacco
c. a tax on corporate profits
d. the portion of federal income taxes earmarked to pay for Social Security and Medicare
b
Economics
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Other things being equal, if input prices rise in a country, then there would be
A) cost-push inflation. B) demand-pull inflation. C) cost-push deflation. D) more production and a lower price level.
Economics
Deadweight loss is the net loss to society when a monopolist restricts output and increases the price
Indicate whether the statement is true or false
Economics