One Advantage of Using an Inflation Tax Over Other Methods

question 199

Multiple Choice

One advantage of using an inflation tax over other methods of tax collection is that ________.

• A) the revenue from inflation tax is extremely high
• B) the collection of inflation tax is more organized
• C) people who evade other taxes also feel the burden of an inflation tax
• D) inflation tax only affects individuals with a high income

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Definitions:

Necessary

Required to be done, achieved, or present; needed; essential.

Sufficient Features

Characteristics or aspects of something that are enough to define, categorize, or identify it distinctly.

ACT Models

Refers to a family of cognitive models, including the Adaptive Control of Thought, which aim to explain how humans think, learn, and solve problems.

Procedural Knowledge

Knowledge of how to perform certain tasks, often expressed as skills and abilities, as opposed to knowing that something is the case (declarative knowledge).