Multiple Choice
Which of the following is true?
A) A lump-sum tax on a good reduces inequality.
B) A lump-sum tax requires the rich and the poor to pay the same amount of taxes.
C) A lump-sum tax requires the poor to pay a smaller percentage of their income in tax.
D) A lump-sum tax leads to a huge deadweight loss.
Correct Answer:
Verified
Correct Answer:
Verified
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