The "incidence of a tax" is the term used to indicate
a. the responsibility for collecting the tax.
b. who actually bears the tax burden.
c. who the tax is initially levied on.
d. the regressive rate structure of the tax.
B
Economics
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Monopolistically competitive firms may not be able to produce goods at the lowest possible average cost. This statement is describing how monopolistically competitive firms might be _____.
(A) Without economies of scale. (B) Unable to engage in price fixing. (C) Lacking differentiation. (D) Unsuccessful at nonprice competition.
Economics
Most flat tax proposals call for exempting income to a certain minimum level
a. True b. False Indicate whether the statement is true or false
Economics