(Consider This) a Value-Added Tax (VAT)

(Consider This) A value-added tax (VAT)

A) is another name for a retail sales tax but is otherwise the same.
B) is like a sales tax but is only imposed on the difference between a firm's sales and its purchases from other firms.
C) is like an income tax but is only imposed on the difference between a person's income and his or her consumption.
D) only applies to imported goods.