Problem on excise taxes
The incidence (burden) of excise taxes on chandeliers, airline tickets, jewelry, and yachts, is most probable to be: (i) Proportional. (ii) Hierarchical. (iii) Regressive. (iv) Unfair. (v) Progressive. Please someone suggest me the right answer.
The incidence (burden) of excise taxes on chandeliers, airline tickets, jewelry, and yachts, is most probable to be: (i) Proportional. (ii) Hierarchical. (iii) Regressive. (iv) Unfair. (v) Progressive.
Please someone suggest me the right answer.
Government budget: Government budget demonstrates the estimated receipts and estimated expenses of the government for 1-year.
Meaning of tax: Tax is a legally compulsory payment imposed on the people by the government. There are two kinds of taxes: Direct taxes and Indirect taxes.
Marginal physical product: It refers to the addition build to the total product.
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