There are many types of taxes
What will be an ideal response?
depending on the tax, the revenues accrue to different governmental institutions. Some examples:
Income tax - funds go to the federal government
Sales tax - funds go to the state government
Property tax - funds go to city or town and primarily used for funding education
Economics
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If the government imposes a $3 tax in a market, the buyers and sellers will share an equal burden of the tax
a. True b. False Indicate whether the statement is true or false
Economics
The least expensive way to clean up the environment is for all firms to reduce pollution by an equal percentage
a. True b. False Indicate whether the statement is true or false
Economics