The tax on cigarettes is an example of
a. a consumption tax.
b. a corrective tax.
c. an income tax.
d. a command-and-control policy.
b
Economics
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A cost due to an increase in activity is called
A) an incentive loss. B) a marginal cost. C) a negative marginal benefit. D) the total cost.
Economics
Purchasing power parity does not hold in the short to medium run because
A) exports don't equal imports. B) exchange rates fluctuate too much. C) most business cycles are caused by shocks to aggregate demand. D) countries produce different goods.
Economics