Multiple Choice
There is a possibility that a national sales tax will be implemented. Many economists argue that items such as food and clothing should be exempt from such a tax because low-income people spend a greater percentage of their income on these goods than do high-income individuals. This argument is motivated by concerns over
A) economic growth.
B) economic stability.
C) efficiency.
D) equity.
Correct Answer:

Verified
Correct Answer:
Verified
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