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Author Question: Why might a VAT be more popular politically than a retail sales tax? a. Its transparency appeals ... (Read 39 times)

Metfan725

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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.


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dawsa925

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

D


Metfan725

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Wow, this really help

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