Since depositors, like any lender, only receive fixed payments while the bank keeps any surplus profits, they face the ________ problem that banks may take on too ________ risk

If a tax is imposed on the buyers of a product, then the tax burden will fall entirely on the buyers

a. True b. False Indicate whether the statement is true or false

Which of the following is an example of a progressive tax?

A. A local sales tax. B. An excise tax. C. The federal income tax. D. Social Security payroll tax.