A Per-Unit Tax Designed to Internalize the Costs of Production

question 7

Multiple Choice

A per-unit tax designed to internalize the costs of production imposed on third parties is called:

• A) an excise tax.
• B) an effluent fee.
• C) a sin tax.
• D) a tariff.

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Definitions:

HI

Hydroiodic acid, a diatomic molecule consisting of one hydrogen atom and one iodine atom, known for being a strong acid.

K

The chemical symbol for Potassium, a soft, silvery-white metallic element that is highly reactive with water.

pH

A scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (very acidic) to 14 (very basic).

HA

Often used as an abbreviation for Hyaluronic Acid, a substance found in the human body known for its benefits in skincare and joint health.