For Which of the Following Reasons Are VATs Considered to Be

question 82

Multiple Choice

For which of the following reasons are VATs considered to be very important revenue generators for the government?

• A)They are regressive in nature
• B)They target only individuals in the high income class
• C)They cannot be avoided by individuals
• D)They boost a country's exports
• E)They lower a country's imports

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Definitions:

Unemployed Workers

Individuals actively seeking employment but unable to find work, comprising part of the labor force that is not currently employed.

Labor Demand

The total amount of workers that employers in an economy want to hire, which varies depending on wage levels, technological changes, and overall economic conditions.

Labor Supply

The cumulative amount of time employees are prepared and capable of working for a specific rate of pay.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.