Which Type of Tax Is Imposed on Specific Goods and Services,such

question 3

Multiple Choice

Which type of tax is imposed on specific goods and services,such as gasoline and cigarettes,at the time of purchase?

• A)Estate
• B)Inheritance
• C)Excise
• D)Gift
• E)Value-added

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Definitions:

Government Programs

Initiatives funded and operated by the government designed to achieve specific social, economic, or political goals.

160-acre Plots

A specific area of land, traditionally used in the context of homesteading, measuring 160 acres.

Economic Picture

A comprehensive overview of the current state and conditions of an economy, encompassing various indicators such as GDP, employment rates, and inflation.

Protective Tariffs

A tax imposed on imported goods to make domestic products more competitive.