If a Fact Not Disclosed Has a Bearing on a Consumer's

question 29

True/False

If a fact not disclosed has a bearing on a consumer's decision whether to purchase the product,its omission might be tantamount to deception.

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Definitions:

Fried Foods Tax

A hypothetical or proposed tax imposed on products with high levels of fried content to discourage consumption and address health concerns.

Value-Added Tax (VAT)

A tax on the amount by which the value of an article has been increased at each stage of its production or distribution.

Income Tax

A government levy on individuals' or corporations' earnings.

Marginal Tax Rate

The rate of tax applied to the last dollar of income, indicating how much of any additional income will be taken as tax.