A Local Property Tax, Such as That Used in the United

question 13

Multiple Choice

A local property tax, such as that used in the United States, is likely to:

• A)increase investment in the economy.
• B)cause a flow of investment among jurisdictions.
• C)decrease the return to saving in all uses.
• D)both (b) and (c) are correct.

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Definitions:

Account Receivable

Money owed to a company for goods or services that have been delivered but not yet paid for by customers.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to another party under specific terms.

Dividends

Payments made by a corporation to its shareholders, usually derived from profits, as a distribution of earnings.

Family Car

A vehicle designed primarily for the transportation of a family, typically offering increased seating space and safety features.