An excise tax
A) acts as a negative incentive to consume that good or service.
B) is illegal in Florida, Georgia, and Alaska.
C) is often used to encourage the use of a good.
D) is a value added tax (VAT).
Answer: A
You might also like to view...
A monopoly will set price
a. at the highest price along its demand curve. b. equal to the value at which marginal cost intersects the demand curve. c. so that it can sell the quantity at which marginal revenue is equal to marginal cost. d. so that it can sell the quantity at which marginal revenue is equal to zero.
A firm that is the only seller of a good or service that does not have a close substitute is called
A) a monopoly. B) a market maker. C) a price maker. D) an oligopolist.
The equilibrium price in the money market is the:
A) inflation rate. B) exchange rate. C) interest rate. D) none of the above.
In the RBC model, actual real GDP is
A) never equal to the natural real GDP. B) equal to the natural real GDP when P = Pe. C) equal to the natural real GDP when P is equal to or greater than Pe. D) always equal to the natural real GDP.