Multiple Choice
Many economists believe a general sales tax (particularly on items such as food) takes a larger proportion of income from low-income households than from high-income households. If this is true, a general sales tax is a
A) regressive tax.
B) proportional tax.
C) neutral tax.
D) progressive tax.
Correct Answer:

Verified
Correct Answer:
Verified
Q134: The actual benefit of a government subsidy
Q135: Use the figure below illustrating the impact
Q136: Figure 4-22 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-22
Q137: Figure 4-19 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-19
Q138: Figure 4-21 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-21
Q140: Which of the following would tend to
Q141: Figure 4-25 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 4-25
Q142: The statutory incidence (or burden) of a
Q143: A regressive tax<br>A) taxes individuals with higher
Q144: In a market economy, which of the