If a $5,000 Property Tax Is Placed Legally (Statutorily) on the Buyers

question 242

Multiple Choice

If a $5,000 property tax is placed legally (statutorily) on the buyers of new automobiles and as a result the price of automobiles at dealerships rises by $2,000, the actual burden of the tax

• A) falls completely on automobile buyers.
• B) falls completely on automobile sellers.
• C) is $2,000 on automobile buyers and $3,000 on sellers.
• D) is $3,000 on automobile buyers and $2,000 on sellers.

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Definitions:

Megaliths

Large prehistoric stone monuments, often arranged in circles or aligned with astronomical phenomena, found throughout the world and associated with ancient ceremonial and burial practices.

Lascaux

A complex of caves in southwestern France famous for its Paleolithic cave paintings estimated to be up to 20,000 years old, showcasing early human art.

Bucranium

Latin, “bovine skull.” A common motif in classical architectural ornament.

Woolly Rhinoceros

An extinct species of rhinoceros that was covered with long hair, lived during the Ice Age, and is often depicted in prehistoric art.