An excise tax is a tax that is levied on
A) the value of a piece of property.
B) the purchase of a given good or service.
C) the value of an estate.
D) that part of a person's income coming from interest payments.
Answer: B
Economics
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Bid-rigging is more likely when
a. auctions are for larger amounts b. auctions are infrequent c. auctions are for smaller amounts d. the auctioneer is paid on commission rather than a fixed fee
Economics
The authors feel subsidies destroy wealth because
a. subsidies move assets from lower- to higher- valued uses b. subsidies move assets from higher- to lower- valued uses c. subsidies help producers only d. subsidies help consumers only
Economics