Taxes levied on goods and services by government are call...
Taxes levied on goods and services by government are called
Indirect taxes
Direct taxes
Corporate taxes
Poll taxes
Correct answer is A
Taxes levied on goods and services by the government are called indirect taxes. Indirect taxes are taxes that are collected from businesses when they sell goods or services. The businesses then pass the tax on to consumers in the form of higher prices.
In a capitalist economy, factors of production are owned and controlled by the _____? ...
The production cost that varies inversely with output is the ...
The Nigeria Bank for Commerce and Industry is? ...
A high rent on land will affect the cost of producing maize ...
In production, the formula total product/number of men employed is used to calculate ...
In the diagram above, the consumer attains equilibrium at point ...
A central argument of cardinal utility is that utility is ...