Suppose a consumption-type, value-added tax is introduced as a new source of revenue in the United States.Briefly describe the way the tax would work and how it would affect efficiency in labor markets and investment markets.
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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
Q34: As administered in most states in the
Q35: An adult's life cycle is considered to
Q37: Comprehensive consumption is:
A)equal to comprehensive income.
B)comprehensive income
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Q40: Nicholas Kaldor argued:
A)consumption is a better index
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