A Tax That Is Effectively a Sales Tax at Each

question 65

Multiple Choice

A tax that is effectively a sales tax at each stage of production is defined as a/an ________ tax.

• A) flat
• B) equitable
• C) value-added tax
• D) none of the above

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Definitions:

Medusa

A jellyfish-like animal; a free-swimming, umbrella-shaped stage in the life cycle of certain cnidarians. Compare with polyp.

Planula

The free-swimming, ciliated larva form of certain cnidarians, such as jellyfish, before it settles on a surface and develops into a polyp.

Miracidium

A free-swimming larval stage in the life cycle of certain parasitic flukes, hatching from eggs and infecting the first intermediate host, typically a snail.

Polyp Colony

An aggregation of many individual, yet genetically identical, polyps that are connected, forming organisms such as corals.