Recently,the Government Considered Adding an Excise Tax on CDs That

question 143

Multiple Choice

Recently,the government considered adding an excise tax on CDs that can be used to record music and CD players that can record discs.If this tax were enacted,the MOST likely effect would be:

• A)that consumers would pay a higher price and producers would sell fewer of these CDs and CD players than before the tax.
• B)no change in consumption or the prices paid by consumers of these CDs and CD players.
• C)that consumers would pay a lower price and producers would receive a higher price for these CDs and CD players than before the tax.
• D)an increase in economic activity due to the tax.

Understand the historical context and consequences of forced sterilizations.

Assess the effect of antimiscegenation laws on Asian immigrant communities and interracial relationships.

Examine societal attitudes and legal prohibitions against interracial marriages.

Analyze the significance of racial stereotypes in shaping inter-racial and intra-racial dynamics.

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Definitions:

Information Technology

The study or use of systems (especially computers and telecommunications) for storing, retrieving, and sending information.

International Standards

These are agreements set by international organizations that dictate certain specifications, guidelines, or characteristics to ensure products, services, and systems are safe, reliable, and interchangeable worldwide.

IFRS

A collection of accounting principles formulated by the International Accounting Standards Board, known as International Financial Reporting Standards, that aid in the global creation of financial reports.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards used in financial reporting within the United States.