A tax imposed at every stage of production is a
A)value-added tax.
B)lump sum tax.
C)corrective tax.
D)regressive tax.

Question

Quizplus · Accepted Answer

A tax imposed at every stage of production is called a value-added tax. This tax is added to the price of goods at each stage of production, from raw materials to the final product, based on the value that has been added to the product at that stage. This type of tax is common in many countries around the world, including in Europe and Asia.

A Tax Imposed at Every Stage of Production Is a