Irving Fisher Argued for a Tax on Consumption Instead of on Income

question 30

Multiple Choice

Irving Fisher argued for a tax on consumption instead of on income because

• A) the standard of living depends not on income, but on how much is consumed.
• B) consumption is the best indication of ability to pay.
• C) a tax on income discourages saving by taxing savings twice.
• D) a tax on consumption raises more revenue than a tax on income.

Analyze the impact of language on thought and cognition, including the linguistic relativity hypothesis.

Recognize the importance of pragmatics, semantics, syntax, and displacement in language structure and usage.

Appreciate the generative and symbolic nature of language and its rules, including the sensitive period for language learning.

Understand the impact of stock splits and reverse stock splits on earnings per share.

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A group of naturally occurring fibrous minerals used in building materials and products, known to cause respiratory health issues.

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A toxic element found naturally in the environment, known for its poisonous properties when ingested in high amounts.

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A yellow pigment that is produced by the breakdown of red blood cells in the liver and is a component of bile.