This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why might a VAT be more popular politically than a retail sales tax? a. Its transparency appeals ... (Read 36 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
on: Jul 1, 2018
Why might a VAT be more popular politically than a retail sales tax?
 
  a. Its transparency appeals to voters.
  b. Its lack of transparency makes it easier to misunderstand its effects.
  c. It is more efficient per dollar raised.
   d. It is more consistent with the benefit principle of taxation.

Question 2

Economic efficiency entails
 
  A) producing a given amount of output with the most expensive mix of inputs.
  B) producing a given amount of output with the least number of inputs.
  C) producing a given amount of output with the most inputs.
  D) producing a given amount of output with the cheapest mix of inputs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

D


Metfan725

  • Member
  • Posts: 552
Reply 2 on: Jul 1, 2018
Excellent

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

A noose hanging from a “Liberty Tree” reveals this artist’s bias: The “tar-and-feathering” of a Brit A noose hanging from a “Liberty Tree” reveals this artist’s bias: The “tar-and-feathering” of a Brit
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
L-carnitine is a popular dietary supplement. Notice the claims of improving athletic performance and ... L-carnitine is a popular dietary supplement. Notice the claims of improving athletic performance and ...
Popular Methods of Conducting Social Science Research Popular Methods of Conducting Social Science Research
The male physique depicted in popular action figures in the 1970s The male physique depicted in popular action figures in the 1970s
Distinguishing Among Popular Diets Distinguishing Among Popular Diets
Video: Stroke volume

For a complete list of videos, visit our video library