The essential difference between sales and excise taxes is that
A. sales taxes apply to a wide range of products, while excises taxes apply only to a select group of products.
B. excise taxes apply to a wide range of products, while sales taxes apply only to a select group of products.
C. sales taxes are consumption taxes, while excise taxes are not.
D. excise taxes are consumption taxes, while sales taxes are not.
A. sales taxes apply to a wide range of products, while excises taxes apply only to a select group of products.
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If float is predicted to decrease because of unseasonably good weather, the manager of the trading desk at the Federal Reserve Bank of New York will likely conduct a ________ open market ________ of securities
A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
Since the government controls the maximum price pipelines can charge for transportation of natural gas, the pipelines going to the same destination usually compete by discounting rates below the legal maximum
Indicate whether the statement is true or false