2148EconomicsMedium
Which of the following is NOT true?
Aimport duties can restrict luxury goods consumption
BTaxes on international trade are the major source of tax revenue for low-income countries with poor administrative capacity
Cseveral LDCs have used value-added taxes to raise a substantial fraction of revenues
DCascade tax a form of progressive tax, is dominant in DCs
Correct answer
D. Cascade tax a form of progressive tax, is dominant in DCs
Explanation
The correct answer is Cascade tax a form of progressive tax, is dominant in DCs.