The economic burden of an excise tax
a. can usually be partially shifted from buyers onto sellers.
b. equals the revenue from the tax.
c. is less than the burden of an income tax that would raise the same revenue.
d. is shared equally by buyers and sellers.
a
Economics
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Indicate whether the statement is true or false
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Wealth equals:
A. assets minus liabilities. B. investment minus saving. C. current income minus spending on current needs. D. saving minus investment.
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