A Use Tax

question 63

Multiple Choice

A use tax:

• A)Applies when a State A resident purchases a new automobile from a State A dealership.
• B)Applies when a State A resident purchases a new automobile from a State B dealership,then driving the car home.
• C)Applies when a State A resident purchases groceries from a neighborhood store.
• D)Applies when a State A resident purchases hardware from sears.com rather than at the Best Buy store at the local mall.

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Definitions:

Economies

Systems of production, distribution, and consumption of goods and services among individuals, businesses, and governments within a region or country.

Large Firms

Companies or enterprises that have a large scale of operations, significant market power, and a vast distribution of employees and resources.

Barrier To Entry

Factors that prevent or hinder companies from entering a specific market or industry.

Natural Monopoly

A market condition where due to high fixed or start-up costs, the most efficient number of firms in the industry is one.