USE THE FOLLOWING INFORMATION TO ANSWER THE FOLLOWING QUESTION

question 15

Multiple Choice

USE THE FOLLOWING INFORMATION TO ANSWER THE FOLLOWING QUESTION.
Assume that the production chain for an economy is characterized by the following transactions:

-If the car dealer is subject to a 10 percent VAT, how much would it pay in taxes?

• A) $500
• B) $1,100
• C) $0
• D) $600

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Definitions:

Middle-class

A social class typically composed of individuals with moderate levels of income and education, often involved in white-collar employment or small business ownership.

Artisans and Workers

Individuals skilled in manual trades who produce goods or provide services, with artisans focusing on craftsmanship and workers often employed in industrial or manufacturing processes.

Lajos Kossuth

A Hungarian lawyer, journalist, politician, statesman, and key figure in the Hungarian Revolution of 1848 against Austrian rule.

Constitutional Liberalism

is a political philosophy that emphasizes the protection of individual rights and liberties by the limitation of government power through a constitution.