Which of the Following Is an Example of a Specific

question 30

Multiple Choice

Which of the following is an example of a specific tax?

• A)A yearly tax of 1 percent of the value of property owned by a citizen
• B)A 5 percent tax on total purchases by a consumer
• C)A tax of $1,000 on every man, woman, and child in the country
• D)A tax of $.15 per gallon of gasoline purchased
• E)A tax of 2 percent of the cost of placing a newspaper ad

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Definitions:

International Cartel

A consortium of independent organizations formed to limit competition and control prices in international markets.

OPEC

The Organization of Petroleum Exporting Countries, a consortium of countries that coordinates and unifies the petroleum policies of its member countries to secure fair and stable prices for petroleum producers.

OPEC

The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 oil-producing countries that coordinates and unifies petroleum policies among member countries.

Free-Trade Zone

A designated geographic area where goods may be landed, handled, manufactured, or reconfigured and re-exported without the intervention of customs authorities.