A $5 Per Unit Tax on a Good Is Borne

question 4

Multiple Choice

A $5 per unit tax on a good is borne by the buyer:

• A)if the demand is perfectly elastic.
• B)if it is a sales tax.
• C)if the supply is perfectly elastic.
• D)if it is an excise tax.

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Definitions:

Labour Relations Boards

Governmental agencies that oversee and enforce labor laws and regulations, often mediating disputes between employers and unions.

Federal and Provincial Jurisdictions

The division of governancal responsibilities between federal and provincial governments, specific to federated states.

Administer

To manage, direct, or oversee the operation or distribution of services, programs, or resources.

Public Service

Employment within governmental agencies or departments aimed at serving the interests and needs of the public.