The tax base is
A) the minimum amount of tax revenue that government must collect each year.
B) the maximum amount of tax revenue that government must collect each year.
C) the sum of all incomes earned in the United States.
D) the value of all goods, services, incomes, or wealth subject to taxation.
D
Economics
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Because the seller of a used car has more information than the buyer:
A. the problem of moral hazard occurs. B. the problem of information overload occurs. C. the problem of adverse selection occurs. D. the problem of bargaining imbalance occurs.
Economics
If fixed cost rises,
A. the profit-maximizing level of output would decrease. B. the profit-maximizing level of output would not change. C. marginal cost rises. D. variable cost falls.
Economics