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3. Problems and Applications Q3 Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not. Excluding food and clothing from sales tax is other items. because it alter the incentives to purchase food and clothing versus True or False: Excluding food and clothing from sales tax is less equitable because it benefits the rich more than the poor. True False

3. Problems and Applications Q3 Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not. Excluding food and clothing from sales tax is other items. because it alter the incentives to purchase food and clothing versus True or False: Excluding food and clothing from sales tax is less equitable because it benefits the rich more than the poor. True False

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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3. Problems and Applications Q3 Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not. Excluding food and clothing from sales tax is other items. because it alter the incentives to purchase food and clothing versus True or False: Excluding food and clothing from sales tax is less equitable because it benefits the rich more than the poor. True False
Transcribed Image Text:3. Problems and Applications Q3 Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not. Excluding food and clothing from sales tax is other items. because it alter the incentives to purchase food and clothing versus True or False: Excluding food and clothing from sales tax is less equitable because it benefits the rich more than the poor. True False
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