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Which of the following does not increase the price of certain goods a property tax B excise tax C tariff D sales tax?
property taxes
Which of these increases the price of certain foreign-made goods?
An import tariff increases the sale price of foreign-made goods.
What is a tax based on the price of goods and paid at the time of purchase?
A tax based on the price of goods and paid at the time of purchase is a sales tax.
What is a tax that raises the price of services or goods manufactured and sold with a country?
A tarif
Which type of tax can be shifted from one individual to another through the process of increasing the price of the goods sold?
indirect tax
Which of the following does not increase the price of certain goods a property tax B excise tax C tariff D sales tax?
property taxes
Which of these increases the price of certain foreign-made goods?
An import tariff increases the sale price of foreign-made goods.
What is a tax based on the price of goods and paid at the time of purchase?
A tax based on the price of goods and paid at the time of purchase is a sales tax.
What is a tax use to regulate trade called?
A tax used to regulate trade is called a tariff. Tariffs are a type of tax imposed on imported goods and services to increase their price, making them less competitive compared to domestic goods.
What type of taxes are inheritance and excise taxes on luxury goods?
It is a progressive tax. Because the tax gets higher as you pay high price for the luxury goods.
What is a tax that raises the price of services or goods manufactured and sold with a country?
A tarif
Which type of tax can be shifted from one individual to another through the process of increasing the price of the goods sold?
indirect tax
A state government wants to increase the taxes on cigarettes to increase tax revenue This tax would only be effective in raising new tax revenues if the price elasticity of demand is?
elastic
What is a tariff?
Originally a tariff is a charge made for goods or services. If an item or service costs X dollars, then that is the tariff.However, language and words are dynamic and are often used to mean something other than their original meaning.When that new meaning is accepted then the word changes its definition.Tariff is now a tax. Additional payment over and above the value of the goods or services.Tariff is often used by governments on imported goods, an additional tax to increase the price of those goods to give domestic or home manufactured goods an advantage.
A tax on perfume is an example of what?
A tax on perfumeA tax on perfume is an example of an excise tax. Excise taxes are indirect taxes on certain types of goods.
What goods or services might a tax increase be hardest to pass on to consumers?
a product with elastic demand
Which among the following taxes does not increase the price of commodity for buyers?
Income tax
