Which of A) Through D) Is NOT a Form of Explicit

question 20

Multiple Choice

Which of a) through d) is NOT a form of explicit tax?

• A) asset taxes
• B) tariffs on cross-border trade
• C) value-added taxes
• D) withholding taxes
• E) All of the above are explicit taxes

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Definitions:

Real Price

The market price adjusted for inflation, showing the purchasing power of an amount of money.

CPI

The Consumer Price Index represents a calculated average of the prices for a mix of consumer products and services, including food, transportation, and healthcare, weighted by their importance.

Geographic Extent

The area or scope over which a specific phenomenon, activity, or influence is spread.

Public Transit

Transportation services provided by public or private organizations that are available for use by the general public, typically involving buses, trains, and subways.