The End of the Fourth Republic and the Establishment of the Fifth

question 48

Multiple Choice

The end of the Fourth Republic and the establishment of the Fifth Republic in France came about because of the

• A) threat of a right-wing military coup.
• B) threat of a Communist revolution.
• C) loss of the French colony of Vietnam.
• D) student riots of 1968.
• E) workers' strike throughout France.

Comprehend the concept of tax incidence and how the burden of a tax is distributed between consumers and producers.

Understand the concepts of elasticity of labor supply and demand and their relationship to the burden of payroll taxes.

Recognize the long-term effects of changes in individual income tax rates and corporate profits tax on prices and profits across sectors.

Identify how the structure of business ownership (corporations, partnerships, proprietorships) affects tax liabilities and reporting.

---

Definitions:

Good

An item or product that can be bought, sold, or provided in an exchange and is intended to satisfy a want or need.

Burden

In economic contexts, it often refers to the impact of taxes or regulations on individual or corporate finances.

Tax

Mandatory financial contributions imposed by governments on individuals, businesses, or transactions to finance government activities.

Buyers

Individuals or entities that purchase goods or services from sellers in exchange for money or other valuable considerations.