Consumption Taxes Are Generally Viewed as

question 27

Multiple Choice

Consumption taxes are generally viewed as

• A)simple to calculate.
• B)regressive.
• C)multiplicative.
• D)progressive.

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Sales Tax

A tax paid to a governing body for the sales of certain goods and services, typically a percentage added to the total sale price.

Consumer Need

A requirement essential for a consumer's survival or well-being, which drives purchasing behavior and product demand.

Satisfy

To meet the needs or fulfil the desires, expectations, or requirements of someone or something.