The First Thing We Want to Know About a Baby

question 98

Multiple Choice

The first thing we want to know about a baby after it is born is its:

• A)race.
• B)religion.
• C)social class.
• D)gender.

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Definitions:

Excise Tax

A tax levied on specific goods or services, such as tobacco, alcohol, or gasoline, at the point of manufacture or distribution.

Price Elasticity

A measure of how much the demand or supply of a product changes in response to a change in its price.

Incidence

The allocation or impact of an economic activity or policy, especially in terms of who bears the cost or receives the benefits.

Excise Tax

A tax imposed on specific goods, services, or activities, often aimed at discouraging their use or raising revenue for government.