Question

True or false?
Decide whether the following statements are true or false.
1 A general sales tax is a direct tax because it is paid for by consumers who directly buy most types of good.
2 Imposing an indirect tax on a product leads to a shift to the left in the demand curve for that product.
3 A reduction in the payment of a subsidy leads to a shift to the left in the supply curve.
4 Transfer payments are used by governments to provide a more equitable distribution of income.
5 Once an industry has been privatised, there is no guarantee that it will be more efficient than when it was in public ownership.

Answer 1

Answer:

1)true

2)false

3)true

4)true

5)t

Explanation:

Answer 2

Answer:

A. True

B.False

C. True

D.True

E. True