An Excise Tax That the Government Collects from the Producers

question 163

Multiple Choice

An excise tax that the government collects from the producers of a good:

• A)shifts the supply curve upward.
• B)reduces revenue for the government.
• C)has an effect similar to that of a tax subsidy.
• D)shifts the supply curve downward.

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Definitions:

Aortic Arch

The curved portion at the top of the aorta, which gives rise to the major arteries supplying the head, neck, and upper limbs.

Brachiocephalic Trunk

A major blood vessel that arises from the aortic arch and supplies blood to the right arm and the head and neck.

Subclavian Artery

A pair of major arteries located bilaterally, beneath the clavicle, responsible for supplying blood to the upper limbs, neck, and brain.

Axillary Artery

A major blood vessel that carries oxygen-rich blood to the armpit area, upper limbs, and some chest regions.