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________ Argued for a Tax on Consumption Instead of on Income

question 156

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________ argued for a tax on consumption instead of on income because the standard of living depends not on income, but on how much is consumed.


Definitions:

High-Learning Products

Products that take longer for consumers to see the benefits of or that do not have a good infrastructure in place to support them.

Infrastructure

The basic physical and organizational structures and facilities (e.g., buildings, roads, power supplies) needed for the operation of a society or enterprise.

Trialability

Refers to the degree to which an innovation can be experimented with on a limited basis before its full-scale adoption.

Free Samples

Products given to consumers free of charge to introduce new offerings and encourage trial and purchase.

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