A Consumption-Type, Value-Added Tax

question 27

Multiple Choice

A consumption-type, value-added tax:

• A) will not cause losses in efficiency in labor markets.
• B) will not cause losses in efficiency in investment markets.
• C) both a and b
• D) taxes interest income.

---

Definitions:

Reserved Word

A word that is part of the syntax of a programming language, reserved for special use and cannot be used as an identifier.

Class Math

A class in Java that provides methods for performing basic numeric operations such as exponential, logarithm, square root, and trigonometry.

Java.math

A Java package that contains classes for performing arithmetic operations and processing large numbers.

Reference Variables

Variables that hold the address of an object in memory, enabling indirect access to that object.