4. Which of the following is an argument made by advocates of taxing consumption rather than income?

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4. Which of the following is an argument made by advocates of taxing consumption rather than income?

a. a consumption tax is a better automatic stabilizer

b. taxing consumption does not cause any deadweight losses

c. the rich consume a higher fraction of income than the poor

d. the current tax code discourages people from saving

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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