A general sales tax comes close to _____.
A) meeting the budget needs of state governments
B) approximating a consumption tax
C) approximating an income tax
D) a perfectly regressive tax
Correct Answer:
Verified
Q11: When attempting to determine if a sales
Q12: The most important difference between unit excise
Q13: Which of the following is not an
Q14: One advantage of ad valorem taxes over
Q15: A unit tax has an advantage over
Q17: Producers may respond to a unit tax
Q18: A tax of $5 per airplane ticket
Q19: Which of the following is not a
Q20: One advantage of user charges is they
Q21: Value-added taxes were introduced in the European
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