As administered in most states in the United States, the retail sales tax:
A) has zero excess burden.
B) distorts the choice between taxed goods and untaxed services, resulting in some efficiency loss.
C) taxes all services.
D) discourages saving.
Correct Answer:
Verified
Q29: Consumption-in-kind:
A)is exemplified by services provided and consumed
Q30: Substitution of an equal-yield general consumption tax
Q31: Suppose two individuals earn the same salary
Q32: Proponents of a consumption tax have argued
Q33: Which of the following statements about taxes
Q35: An adult's life cycle is considered to
Q36: Suppose a consumption-type, value-added tax is introduced
Q37: Comprehensive consumption is:
A)equal to comprehensive income.
B)comprehensive income
Q38: Which of the following is taxable under
Q39: Which of the following taxes is likely
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