Question 2 2 pts Which of the following is true about retail sales taxes (RST) and valued added taxes (VAT)? oooo Most countries transitioned from levying a VAT to an RST in the 20th century The consumer bears the full economic incidence of the RST but not the VAT Business purchases are exempt from the RST but not the VAT None of these Retailers are not required to collect the VAT, while they are required to collect the RST