Multiple Choice
Which of the following is an example of an ad valorem tax?
A) A tax of $.15 per gallon on gasoline
B) A 5 percent tax on total purchases by a consumer
C) A yearly tax of 1 percent of the value of property owned by a citizen
D) A $2 tax on newspaper ads
E) A tax of $1,000 on every man, woman, and child in the country
Correct Answer:
Verified
Related Questions
Q99: Economists use the term deadweight loss because
A)it
Q100: Does the minimum wage result in a
Q101: The change in a product's price when
Q102: The only way price and quantity will
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents