Multiple Choice
Which of the following would be an example of a lump-sum tax?
A) a compensated tax
B) a retail sales tax
C) a head tax
D) an admission fee
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Suppose the inverse demand curve for good
Q8: Suppose that demand is perfectly inelastic.Supply is
Q18: The economic incidence of a unit tax
Q22: An income effect<br>A) is measured as the
Q24: The marginal rate of substitution is<br>A)the slope
Q25: The compensated demand curve<br>A)shows how the quantity
Q27: When a single tax is imposed,the excess
Q29: The slope of the production possibilities curve
Q31: The VMP is the Value of Marginal
Q33: Taxes that create an excess burden are