Ad valorem taxes
A. are based on income levels.
B. are paid as a fixed percentage of a good's unit price.
C. are not used in the United States.
D. are accessed based on the costs of producing the goods or services.
Answer: B
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The quantity theory of money predicts that in the ________, a 10 percent increase in the quantity of money leads to a 10 percent increase in ________
A) long run; real GDP B) short run; velocity C) long run; velocity D) long run; price level
A financial journal in the country of Valtonia predicts that Valtonia's currency, the talon, will certainly strengthen soon. The highly acclaimed Haven High Journal also publishes an article stating that talon will appreciate. Craig, the CEO of Stark Industries, plans to invest in Valtonia in the near future. The best strategy for Stark Industries is to: a. buy talons when it weakens in the
future. b. sell all the talons that it holds right now. c. buy talons right now. d. pull its investment from Valtonia right now.