Supply-side incentives commonly include which of the following tools to foster economic development?
a. Tax abatements
b. Loans for venture capital
c. Financial assistance for discrete product development
d. All of the above
Question -2-Which of the following is trueof sales tax?
A. The sales tax is the most important source of local revenue.
B. State sales tax on most retail goods is referred to as excise tax.
C. The general sales tax is set at a much higher rate than the specific sales tax.
D. State sales tax on specific items is referred to as general sales tax.
E. Every state, even those without a general sales tax, imposes selective sales taxes on some items.
Question -3-The Clean Air Act Amendments of 1990 did which of the following?
a. Placed controls on a wider range of emission sources than ever before
b. Required all motor vehicles to use oxygenated fuels by the year 2000
c. Authorized 5 billion per year in federal subsidies for the development of a practical electric-powered car as a means of bringing about a dramatic reduction in air pollution
d. All of the above
Question -4-What role do states play in environmental protection?
a. Gather information on air and water pollution within their borders
b. Take enforcement actions
c. Often impose air pollution standards that exceed federal minimum standards
d. All of the above
Question -5-The type of state sales tax levied on specific items like motor vehicle fuel, alcohol, and tobacco products is referred to as a(n) ________ sales tax.
A. securities turnover
B. general
C. selective
D. active
E. passive
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