Two taxes that have consumption as a tax base are ____ taxes and _____ taxes
a. income; general sales
b. general sales; valued-added
c. excise; income
d. estate; retail sales
b
Economics
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Exchange rates are determined in
A) the money market. B) the foreign exchange market. C) the stock market. D) the capital market.
Economics
Figure 16.3Figure 16.3 depicts a market for electricity. S1 is the supply curve without the external costs. S2 is the supply curve with the $T tax. Assume electricity production incurs external costs. If the government imposes a pollution tax, the price of a mega-watt of electricity will increase by:
A. PA - PB. B. PA - PC. C. PB - PC. D. 1/2 (PA - PC).
Economics