The Vendor List contains information about:

a. Addresses, contacts and phone numbers of customers
b. Addresses, contacts and phone numbers for suppliers
c. Quantities and prices of items on hand
d. All of these

b. Addresses, contacts and phone numbers for suppliers

Economics

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What is the advantage of the government imposing an ad valorem tax over a specific tax when facing a monopoly?

What will be an ideal response?

Economics

The total fiscal expenditure in a country during a particular year was $3.5 million. If the government borrows $1.2 million to meet this expenditure, then total tax revenue was:

a. $4.7 million. b. $3.2 million. c. $2.3 million. d. $1.2 million.

Economics