Taxes on specific goods such as gasoline and alcoholic beverages are called

a. excise taxes.
b. payroll taxes.
c. sales taxes.
d. social insurance taxes.

a

Economics

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An example of an activity that generates an external cost is

A) dumping soapsuds into a trout stream. B) national defense services. C) planting flowers along an interstate highway. D) eating an apple.

Economics

The increase in food prices around the world at the end of the 2000s decade led several developing countries to impose export tariffs on which of the following exports?

A) Rice. B) Tomatoes. C) Oil. D) Bananas.

Economics