A per unit tax or percentage tax on a good or service that must be paid by consumers of that good is

A. a subsidy.
B. a gift tax.
C. taxation without representation.
D. an excise tax.

Answer: D

Economics

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One of the key income tax topics debated during the 2008 Presidential election was whether the

A. 1986 tax increases should be repealed in 2011. B. Iraqi oil revenues should be taxed by the U.S. to provide care for disabled Iraqi War veterans. C. 2003 tax cuts should be allowed to expire in 2011. D. national sales tax should be abolished and replaced with a single income tax rate of 21%.

Economics

________ is a tax on a stock, while ________ is a tax on a flow.

A. A tax on your salary; a retail sales tax B. A local property tax; a tax on your salary C. A payroll tax; a local property tax D. A retail sales tax; a payroll tax

Economics