What Is a Graphical Display of Data Using Bars of Different

question 202

Multiple Choice

What is a graphical display of data using bars of different heights that groups numbers into ranges?

• A) Infographic.
• B) Pie chart.
• C) Bar chart.
• D) Histogram.

Calculate the total tax collections from a payroll tax.

Recognize the pre-tax equilibrium state of a labor market.

Determine the distribution of tax burden between firms and workers.

Understand the concept of tax incidence and how taxes can be shifted.

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Definitions:

Best Course of Action

The most suitable or advantageous strategy or decision to take in a given situation.

Annual Rate

The interest rate for a whole year, as opposed to a rate for a shorter period.

Terms of Payment

The conditions under which a seller will complete a sale, often specifying the period allowed to a buyer to pay off the amount due.

Compensating Balance

A minimum bank balance that a borrower must maintain as a condition for obtaining a loan, often used to compensate banks for the loan services.