Why do economists regard who is legally responsible for paying the tax to be irrelevant?
What will be an ideal response?
Economists regard who is legally responsible for paying a tax to be irrelevant because this fact doesn't have any bearing on who shoulders the actual economic burden of the tax.
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Suppose you earn $4,800 a month and spend exactly $160 in each of the 30 days. If you deposit $1, 600 into your checking account on the first day, eleventh day, and twenty-first day of the month, then your average quantity of money demanded is
A) $800. B) $1,200. C) $2,400. D) $4,800.
The price the United States and the United Kingdom pay for having rather liquid securities markets is
A) fluctuations in securities prices. B) unresolved stockholder-lender and manager-stockholder conflicts. C) allowing banks to hold substantial ownership shares in large firms. D) shutting large firms out of those securities markets.