Which statement best describes the flypaper theory of tax incidence
A) It ignores the indirect effects of taxes.
B) It assumes that most taxes should be "stuck on" the rich.
C) It says that once a tax has been imposed, there is little chance of it changing, so in essence people are stuck with it.
D) It is how taxes are described: like flies, they are everywhere and they will never go away.
Correct Answer:
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