The ________ tax is similar to the sales tax

A) payroll
B) value-added
C) wealth
D) excise

B

Economics

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Is this the correct definition of GDP when measured by production? "GDP for a nation's economy is all goods and services produced domestically in a year."

a. Yes b. No

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Barriers to entry into a market could include all of the following, except one. Which is the exception?

a. government restrictions b. brand loyalty c. large marginal costs d. licensing fees e. large fixed costs

Economics