Recent Posts • Latest Topics • Unanswered Questions

Recall the Application that questions if the United States can or should adopt a value-added tax ...

DragoxCM16

wrote...

Go to Answer

Posts: 482

Rep:

4 years ago

Recall the Application that questions if the United States can or should adopt a value-added tax ...

Recall the Application that questions if the United States can or should adopt a value-added tax (VAT) to answer the following question(s). The value-added tax is essentially a sales tax that is levied on each stage of production. Firms pay the value added tax on their sales and then receive a credit for value-added taxes paid by their suppliers. Unlike a sales tax, the value-added tax is embedded in the price of goods.

Recall the Application. One difference between a value-added tax and an income tax is the value-added tax

▸ is difficult to collect.

▸ is a progressive tax.

▸ does not penalize individuals who save.

▸ is not a consumption tax.

Textbook

Macroeconomics: Principles, Applications and Tools

Edition: 7^th

Authors: O'Sullivan, Sheffrin, Perez

Read 82 times

1 Reply

Report

Replies

Answer verified by a subject expert

coltonf1

wrote...

Posts: 392

Rep:

4 years ago

More solutions for this book are available here

Report

Related Topics

DragoxCM16 Author

wrote...

4 years ago

This helped my grade so much Perfect

AlahuKakpar

wrote...

Yesterday

Thanks

shimyshiguy

wrote...

2 hours ago

Smart ... Thanks!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

816 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

147

224

Your Opinion

Previous poll results: What's your favorite funny biology word?

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.