Subsidies can be in different in forms. These includes ____________. tax holidays Cash grants All of the above government procurement of output at a higher rate
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Subsidies can be in different in forms. These includes ____________.
- tax holidays
- Cash grants
- All of the above
- government procurement of output at a higher rate
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- In a country, a value-added tax (VAT) is applied at each stage of production. The nature of VAT allows for the ____________ of the tax burden along the supply chain, from producers to final consumers. A) Concentration B) Reduction C) Absorption D) ShiftingHow can the relative levels of taxes impact relationships between states? For instance, what is likely to happen when New York (under the START-UP NY program) offers tax breaks to companies that are willing to relocate to the state? a. Generate federal government jobs b. Increase the Supreme Court's power c. Lower federal budgets d. Increase competition among states e. Increase public fundingA specific tax on sellers will * a)shift the supply curve to the right. b)shift the supply curve to the left. c)shift the demand curve to the right. d)shift the demand curve to the left.
- Subsidies are a part of ___________ expenditureCalculate the value of indirect taxes for the following two cases:- (1) Indirect tax = 0 , subsidies = $100 (2) indirect taxes = $200 , subsidies = $130A tax whose impact varies inversely with the income of the person taxed, and poor people have a higher percentage of their income taxed than rich people, is known as a
- Imposition of new taxes levied on goods and services will tend to a. remain constant b. remains the same c. push demand curve to the right d. push demand curve to the leftWith a tax on demand (if demand is downward-sloping as it usually is) , the price that buyers pay with the tax _________________ , and the price that sellers receive with the tax _________________. Question 4 options: always increases; always increases always increases; stays the same always increases; always decreases stays the same; always increasesWhich of the following is NOT the impact from a unit sales tax on a product? Group of answer choices It will shift the market demand curve to the left. It will shift the market supply curve to the left. It will lower the producer surplus. It will lower the consumer surplus.
