Question: Sales taxes tend to be regressive, affecting poor people more severely than wealthy people. When all purchases of consumer goods are taxed at a fixed percentage of the purchase price, poor people pay a larger proportion of their income in sales taxes than wealthy people do. It can be correctly inferred on the basis of the statements above that which of the following is true?
Correct Answer: B
Explanation under process. It will be available soon.
All questions (MCQ) are arranged in sets of questions on pages. You will see 12 questions pre page.
Questions in Sets
Find all about SAT-II Biology with lessons and practice questions
GMAT is the most popular test for admissions in management studies
Hamdard University is a multi-campus university
How to get admission in PAF College ...
Find a comprehensive list of major ...
Find all about LUMS NOP Financial A ...
How to become a successful person i ...
Prepare Biology for tests with less ...
Prepare Islamic Hudood Laws 1979 ob ...
COMSATS Institute of Information Te ...
Allama Iqbal Medical College MBBS d ...