Compared to a valued added tax, a sales tax is _____
a. easier to monitor
b. easier to apply to investment goods
c. harder to collect
d. all of the above
e. a and b
e
Economics
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Rational ignorance about the efficient quantity of a public good can result in
A) the principle of minimum differentiation. B) excludable goods. C) bureaucratic overprovision of a good. D) the vertical summation of individual's marginal benefit curves.
Economics
In the long run, the economic profits for a monopolistically competitive firm will be
A. slightly more than the profits of a purely competitive firm. B. the same as the profits for a purely competitive firm. C. the same as the profits for a monopolist. D. slightly less than the profits of a monopolist.
Economics