Dual Direction Testing Involves Samples of Transactions Selected to Obtain

question 41

Short Answer

Dual direction testing involves samples of transactions selected to obtain evidence about control over _________________________________ in one direction and control over _________________________________ in the other direction.
Question also found in study guide

---

Definitions:

Property Tax

A levy on property that the owner is required to pay, often based on the value of the property.

Excess Burden

The cost to society created by market inefficiency, often associated with government policies like taxes or subsidies.

Tax Shifting

The process by which the economic burden of a tax is passed on from the entity legally responsible for it to another party, often consumers.

Principle of Neutrality

It refers to the economic principle that fiscal policy should not distort market behavior, aiming to maintain a neutral effect on economic choices.