A Tax on Comprehensive Consumption

question 3

Multiple Choice

A tax on comprehensive consumption:

• A)will not influence a taxpayer's work-leisure choice.
• B)will not affect the incentive to save in ways that cause losses in efficiency.
• C)is likely to reduce saving.
• D)will exempt consumption of personal services from taxation.

---

Definitions:

Erikson

Erik Erikson was a developmental psychologist known for his theory on the psychosocial development of human beings, which postulates that individuals go through eight stages from infancy to adulthood, each accompanied by a specific psychological challenge.

Idealistic Standards

Expectations or goals that are highly ambitious and often unrealistically perfect or optimistic.

Parents' Values

Beliefs and principles that parents consider important and attempt to instill in their children.

Role Confusion

A state of uncertainty or conflict about one's role in society, often occurring during adolescence as part of identity development.