Question Details

Which of the following best represents an indirect tax 



1) An indirect tax is a tax paid by consumers
A) to a state or local government.
B) when they purchase goods and services.
C) on unearned income (as opposed to wages and salaries).
D) that is a percentage of the value of their real property.
2) An indirect tax is exemplified by
A) an income tax.
B) a sales tax.
C) a subsidy.
D) None of the above answers is correct.
3) Which of the following best represents an indirect tax ?
A) federal income tax
B) state income tax
C) local property tax
D) sales taxes paid on goods and services
4) The presence of ________ creates a difference in the value between the market price and the
factor cost of a product.
A) indirect taxes and consumption
B) subsidies and direct taxes
C) corporate profits and subsidies
D) indirect taxes and subsidies
5) The sum of compensation to employees, rental income, corporate profits, net interest, and
proprietorsʹ income is
A) gross domestic product.
B) gross domestic income.
C) net domestic income at factor cost.
D) net domestic product.



Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help