Which of the following is a tax on consumption?
a. A comprehensive general sales tax.
b. A comprehensive value-added tax
c. An income tax in a world without saving.
d. All of the above.
e. a and b
d
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Identify the cause and the effect in the following examples:
a. Lower infant mortality and an improvement in nutrition b. A surge in cocoa prices and a pest attack on the cocoa crop that year
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When the value of the British pound changes from $1.25 to $1.50, the pound has ________ and the U.S. dollar has ________
A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated