Examlex
What factors contribute to the "dead zone" in Chesapeake Bay?
Excise Tax
A tax levied on specific goods, services, or activities, such as tobacco, alcohol, and gasoline, usually to discourage use or generate revenue.
Consumers
Individuals or entities that purchase goods and services for personal use.
Soda
A carbonated soft drink, often flavored and sweetened.
Laffer Curve
A representation of the relationship between tax rates and the amount of tax revenue collected by governments, suggesting an optimal tax rate that maximizes revenue without deterring economic activity.
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