An example of an indirect tax is?

An example of an indirect tax is?

A. profit tax B. sales tax C. capital gain tax D. poll tax Correct Answer: Option B – sales tax Explanation Indirect taxes are those taxes that can be shifted from one individual to another. It is not levied directly on the income of the taxpayer, but is levied...
An example of an indirect tax is?

Contractionary monetary policy is used to?

A. control inflation B. bridge the deflationary gap C. expand the output level D. deregulate the economy Correct Answer: Option A – control inflation Explanation Contractionary monetary policy is when central banks raise interest rates and reduce the money...

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