A sales tax is an example of a(n)
a. payments tax
b. property tax
c. use tax
d. excise tax
e. company tax
D
Economics
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If you save $2,500 for a down payment on a new car, you are using money as
A) a store of value. B) a unit of account. C) a medium of exchange. D) a standard of deferred payment.
Economics
A monopolistic firm will shut down if
A) P < ATC for every level of output. B) P > ATC for every level of output. C) P > AVC for every level of output. D) P < AVC for every level of output.
Economics