Which of the following is an example of an indirect tax?

A. Value-added tax
B. Income tax
C. Inheritance tax
D. Head tax

Answer: A

Economics

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A) upward because of increasing opportunity cost. B) upward, but not because of increasing opportunity cost. C) downward because of increasing opportunity cost. D) downward, but not because of increasing opportunity cost.

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A bank can lend out its excess reserves but not its required reserves

a. True b. False Indicate whether the statement is true or false

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