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almond37 [142]
3 years ago
9

Sales taxes are A. based on each individual​ taxpayer's income level. B. levied on purchases of a particular good or service. C.

collected only by the U.S. government. D. assessed on the prices paid on a large set of goods and services.
Business
1 answer:
Elan Coil [88]3 years ago
4 0

Answer:

B. levied on purchases of a particular good or service.

Explanation:

  • A sales tax is a tax that is given to the government body and is provided to the production of the particular goods and the services and its a set of the sales.
  • The crucial good and services and at the point of the purchase, and is directed by the consumers and is called as used tax. And includes the manufacturer's sales and wholesales tax and gross receipt and exercise tax and values added tax.
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Answer:

United States continue to have quotas because it increases the price of imported Sugar and thereby reducing the quantity demanded.

Explanation:

To start with, quotas is a restriction imposed by a government. Quotas limits the quantity of a good that can be imported into a country during a specific period of time. In this question, an import license specifies the quantity of Sugar that be brought into (imported) the USA.

United States continue to have these quotas because import quotas reduces the supply of imported goods (Sugar), thereby, preventing an uncontrolled importation of Sugar. This raises the price of imported Sugar against the price of locally produced Sugar which is lower in price. Intuitively, consumers will go for lower price (locally produced Sugar) which satisfies the law of demand for normal goods.

Therefore, it helps the domestic producers to stay in the competition.

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A buyback.

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