Which of the Following Statements About a Value Added Tax

question 384

Multiple Choice

Which of the following statements about a value added tax is not correct?

• A) A value added tax is essentially the same as a retail sales tax.
• B) A value added tax is a progressive tax.
• C) A value added tax would provide a source of revenue to fund a large government.
• D) A value added tax is a tax on consumption rather than income.

Analyze the economic effects of monopolies on market efficiency and consumer welfare.

Understand the phases and principles of Beck's cognitive therapy for treating depression.

Recognize the similarities and differences between cognitive therapies and other therapeutic approaches for depression.

Identify the role of cognitive therapies in challenging automatic thoughts and changing negative cognitions.

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Definitions:

Bailment

Temporary possession by one person of chattels owned by another.

Bailment Period

The duration during which personal property is legally entrusted to someone who is not the owner, under a contract for a specific purpose.

Bailment

A legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person (the bailor) to another (the bailee) who subsequently has possession of the property.

Contract

A legally enforceable agreement between two or more parties that creates mutual obligations enforceable by law.