A lump-sum tax is a tax that

A) can be avoided by strategic behavior.
B) does not depend on the actions of the economic agent being taxed.
C) does not depend on the actions of the government.
D) distorts economic decisions.

B

Economics

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Deflation is bad because:

A. wages decline. B. prices decline. C. monetary policy becomes impotent. D. fiscal policy becomes impotent. E. deflation is not bad.

Economics

In which decade did the U.S. federal government first establish a system of agricultural price supports?

A) 1990s B) 1970s C) 1950s D) 1930s

Economics