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Which of the following statements about American state sales taxes is not generally true?
a. The statutory rates of American sales taxes are lower than of European value added taxes
b. American sales taxes usually apply generally to tangible personal property transactions but only selectively to purchases of services.
c. American retail sales taxes often include many purchases made by businesses as well as household consumption purchases.
d. None of the above—all are accurate.
In the text, we suggested that for well-off individuals with uniform taxation, preferences for education were not single-peaked. Why might preferences for local parks and urban public transportation systems (e.g., buses and subways) also not be singl..
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
You are employed as an economic consultant to the regional planning office of a large metropolitan area, and your task is to estimate the demand for hospital services in the area. Average travel time to the hospital goes down by 10% due to improvemen..
Graph the following indifference curves for the given utility levels: U (x,y)= min {3y,x} for U= 3, 6, 9, 12, and 15 (what kind of relationship exists between these good? Substitutes, complements?
Which of the following is not an accurate description of what can cause inflation?
Assume that the price of smart phones increased from $420 to $444 per unit. The manufacturer decides to supply 15,000 units instead of 12,000. Calculate the price elasticity of supply.
A winery estimates that the demand for its fine Owner's Select, has an income elasticity of 2, where income refers to the income per capita of its customer base.
The construction industry uses which of the following pricing methods? When problems are encountered with continuous improvement, how should problems be solved? A company could incur excessive costs and lose money if they primarily focus on _______ c..
Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $100. Her variable costs are $1,000 for the first thousand posters, $800 for the se..
Does player 1 have a dominant policy also if so Illustrate what is it or does player 2 have a dominant policy also if so Illustrate what is it.
How is the PCE calculated? What is the difference between the PCE and the GDP deflator? What is the difference between the PCE and the core PCE?
You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
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