Governments Tend to Tax Items with Inelastic Demand Because

question 108

Multiple Choice

Governments tend to tax items with inelastic demand because

• A)governments wish to avoid big rises in after-tax prices.
• B)sellers pay most of the tax in these cases.
• C)buyers pay most of the tax in these cases.
• D)these goods yield the most tax revenues.
• E)none of the above.

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Definitions:

Inbreeding

The practice of breeding from closely related individuals, especially within a narrow gene pool, which can lead to a lack of genetic diversity.

Employee Referral

A recruitment method where existing employees recommend potential candidates for open positions within their organization.

External Job Recruitment

The process of filling job vacancies within an organization by hiring individuals from outside the organization.

Relevant Labor Market

The area or domain within which companies seek employees who have the skills they require.