A State Sales Tax Usually Falls Upon

question 26

Multiple Choice

A state sales tax usually falls upon:

• A)Sales made to out-of-state customers.
• B)Sales made to the U.S. Department of Education.
• C)Sales of groceries.
• D)Sales made to the ultimate consumer of the product or service.

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Definitions:

Trades

Exchanges of goods, services, or financial assets between individuals, businesses, or countries.

Opportunity Cost

The value of the next highest valued alternative that is given up when making a decision.

Alternatives Not Chosen

Options that are forsaken when a decision is made in favor of another option.