According to economist Robert Frank, an effective way to promote more sustainable consumption is _________________ that would encourage savings and investment while discouraging the purchase of nonessential luxury goods.

Question

Quizplus · Accepted Answer

A progressive consumption tax would discourage the purchase of nonessential luxury goods by making them more expensive, while also encouraging savings and investment by taxing consumption instead of income. A public awareness campaign, government endorsed voluntary guidelines, and harsh penalties may not be as effective at changing consumer behavior.

According to Economist Robert Frank, an Effective Way to Promote