Which of the following is a tax on consumption?

a. A comprehensive general sales tax.
b. A comprehensive value-added tax
c. An income tax in a world without saving.
d. All of the above.
e. a and b

d

Economics

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Trade contributes to prosperity because: a. every country lacks some vital resources that it can get economically only by trade

b. each country's climate makes it a relatively efficient producer of some goods, and an inefficient producer of other goods. c. each country's labor force makes it a relatively efficient producer of some goods, and an inefficient producer of other goods. d. of all of the above.

Economics

When a firm exits a monopolistically competitive market, the individual demand curves faced by all remaining firms in that market will

a. shift in a direction that is unpredictable without further information. b. shift to the right. c. shift to the left. d. remain unchanged. It is the supply curve that will shift.

Economics