A Consumption Tax Is a Tax on Only

question 33

Multiple Choice

A consumption tax is a tax on only

• A)goods and not services.
• B)the amount of income that people spend.
• C)the amount of income that people earn.
• D)the amount of income that people save.

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Definitions:

Stubby Tail

A short or abbreviated tail appearing notably compact or truncated compared to the usual length for the species.

Heuristic

A problem-solving strategy that uses a practical approach or shortcut to produce solutions that are good enough for the situation.

Algorithm

A fixed, step-by-step procedure for solving a problem or completing a task, often used in computing and mathematics.

Algorithmic Method

a systematic, step-by-step procedure or set of rules used to solve a problem or accomplish a task.