Most of the burden of a luxury tax falls on the middle class workers who produce luxury goods rather than on the rich who buy them
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Multiplier effects occur when there is a change in spending which does not depend on income. Spending which does not depend on income is referred to as
A) coincident spending. B) nominal spending. C) autonomous expenditures. D) induced expenditures.
Economics
The combined incomes of Walmart, ExxonMobil and Chevron total more than the GDP of:
a. Belgium b. Denmark c. Ireland d. all of these
Economics