A lump-sum tax is a(n) ________.
A) progressive tax
B) regressive tax
C) proportional tax
D) ordinal tax
Correct Answer:
Verified
Q120: The figure below shows the demand (D)
Q121: The burden of a tax falls more
Q122: Which of the following is true?
A) A
Q123: Why are lump-sum taxes regressive in nature?
Q124: The following figure depicts the market for
Q126: Which of the following taxes does NOT
Q127: The tax incidence on sellers is higher
Q128: A binding price ceiling will result in
Q129: Blue laws (bans on stores being open
Q130: A price ceiling refers to _.
A) the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents