A Change from an Income Tax to a Value Added

question 57

Multiple Choice

A change from an income tax to a value added tax on consumption

• A) should decrease the supply of loanable funds.
• B) would decrease the demand for loanable funds.
• C) should increase the supply of loanable funds.
• D) should shift consumers' preferences toward consumption.

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Definitions:

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

BSC Performance Perspectives

Four dimensions used in the Balanced Scorecard framework for strategic management, including financial, customer, internal processes, and learning and growth perspectives.

Leading Indicator

An economic factor that changes before the economy begins to follow a particular pattern or trend.

Lagging Indicator

Metrics that reflect the outcomes of economic, financial, or business activities after they have occurred, often used to assess performance.