Which of the Following Would NOT Result from Replacing the Income

question 150

Multiple Choice

Which of the following would NOT result from replacing the income tax with a consumption tax?

• A)The interest rate would decrease.
• B)Investment would decrease.
• C)The standard of living would eventually rise.
• D)The supply of loanable funds would shift right.

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Definitions:

Moral Minimum

The concept that businesses should at least avoid causing harm and engage in ethical behavior that meets a basic level of moral conduct.

Triple Bottom Line

The Triple Bottom Line refers to a framework that evaluates a company's performance based on three factors: social, environmental, and financial.

Corporate Social Responsibility

Business practices involving initiatives that benefit society and the environment beyond profit-seeking motives.

Officers

In the context of corporations, officers are high-ranking individuals appointed to manage the day-to-day operations and make executive decisions on behalf of the company.