A VAT (Value Added Tax)

question 55

Multiple Choice

A VAT (value added tax) :

• A) Is regressive in its effect.
• B) Has not proved popular outside of the U.S.
• C) Is not a tax on consumption.
• D) Is used exclusively by third world (less developed) countries.
• E) None of these.

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Definitions:

1960s

A decade marked by significant social, political, and cultural change, often associated with movements for civil rights, peace, and liberation.

Cause-Effect

The principle that an action or event (cause) results in a consequence or outcome (effect).