Recall the Application That Questions If the United States Can

question 1

Multiple Choice

Recall the Application that questions if the United States can or should adopt a value-added tax (VAT) to answer the following question(s) . The value-added tax is essentially a sales tax that is levied on each stage of production. Firms pay the value added tax on their sales and then receive a credit for value-added taxes paid by their suppliers. Unlike a sales tax, the value-added tax is embedded in the price of goods.
-According to this Application, some conservatives worry that a value-added tax ________ and some liberals worry that a value-added tax ________.

• A) will result in consumers not realizing all the taxes they pay; is regressive
• B) will discourage consumers from saving; will decrease federal tax revenue
• C) is progressive; will reduce investment.
• D) will penalize high-income individuals; will decrease per-capita GDP

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Definitions:

Eco-Efficiency Measure

An assessment method focusing on reducing environmental impacts while maximizing productivity and efficiency.

Recycling

is the process of collecting and processing materials that would otherwise be discarded as trash and turning them into new products.

Sustainability Practice

Actions and policies adopted by an organization that aim at minimizing its environmental impact and promoting long-term sustainability.

Plant Manager's Salary

The compensation paid to the individual responsible for overseeing the operations and productivity of a manufacturing plant or industrial facility.