The Ratio of the Burden of the Tax Borne by Demanders

question 37

Multiple Choice

The ratio of the burden of the tax borne by demanders to the burden of the tax borne by suppliers will be equal to_____.

• A)the square of the slope of the demand curve
• B)the elasticity of demand times the elasticity of supply
• C)the ratio of the absolute values of the slopes of the demand curve and the supply curve
• D)the sum of the elasticities of the inverse demand curve and the supply curve

Determine cash flows from operating activities.

Understand the difference between net income and net cash flows from operating activities.

Recognize the types of cash flows associated with operating activities.

Understand the importance and principles of effective customer service.

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Definitions:

Coal

A fossil fuel that is formed from the remains of ancient plants and used for electricity generation and industrial processes.

Microloans

Small, short-term unsecured loans provided to entrepreneurs or groups in disadvantaged areas, typically used to start or expand small businesses.

Grameen Bank

A microfinance organization and community development bank founded in Bangladesh that makes small loans to impoverished borrowers.