A Unit Tax

question 62

Multiple Choice

A unit tax

• A) is based on the value of the good being sold.
• B) is a constant tax assessed on each unit of a good sold.
• C) is the primary tax studied in dynamic tax analysis.
• D) does not influence equilibrium price and quantity.

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Definitions:

Public Corporation

A Public Corporation is a company that has issued securities through an initial public offering and is traded on at least one stock exchange or in the over-the-counter market.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, often referred to as shareholders' equity or owners' equity.

Public Markets

Marketplaces that are open to the public where securities, commodities, and other financial instruments are traded.

Market Value

The contemporary pricing for transactions involving assets or services on the market.