Economics: Principles and Policy (MindTap Course List)
13th Edition
ISBN: 9781305280595
Author: William J. Baumol, Alan S. Blinder
Publisher: Cengage Learning
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Chapter 28.A, Problem 1TY
To determine
Identify the fixed tax and the variable tax from the given options.
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Certain items, such as gasoline, air travel, hunting equipment, cigarettes, andtelecommunications services, have a special tax added to the purchase price. What is the name ofthis tax?
Income tax is a
a. Local tax
b. Special tax
c. Tax on persons
d. Regressive tax
e. None of the above
What is retrospective tax?
Chapter 28 Solutions
Economics: Principles and Policy (MindTap Course List)
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