The federal government and some state governments levy taxes on specific goods such as gasoline, cigarettes, and beer. These are known as
A) sin taxes. B) sales taxes. C) specific taxes. D) excise taxes.
D
Economics
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When the free rider problem is present in a market the good:
A. is not excludable. B. is rival in consumption. C. will be underconsumed. D. will be oversupplied.
Economics
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
Economics