Tax Flashcards
1
Q
What is a flat tax?
A
A tax that is imposed on firms, but can be passed on to consumers through higher prices
2
Q
What is ad valorem tax?
A
Unit tax ( % tax )
What is a flat tax?
A tax that is imposed on firms, but can be passed on to consumers through higher prices
What is ad valorem tax?
Unit tax ( % tax )