Weaver Bird is a textile wholesaler operating in Texas. It earns a profit of $500,000. It pays 70 percent of its total revenue as tax. This best exemplifies which type of tax?

a. a franchise tax
b. a sin tax
c. a sales tax
d. a margin tax

Answer: D

Political Science

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Which of the following was proposed by Thomas Hobbes in his book Leviathan?

B. Hobbes pointed to the state as the solution to the collective action problem. C. Hobbes coined the term state of society to describe an imaginary time before human beings organized into governments or states for the collective good. D. Hobbes assumed that individuals in the state of nature would not be interested in self-preservation. E. Hobbes explained that laws, contracts, law enforcement, and justice systems could exist without governments.

Political Science

Capital goods are products that can be used as __________ for further production

A) extractions B) loans C) inputs D) standing

Political Science