Mankiw Argues That a Primary Difference Between Taxing Products Like

question 216

Multiple Choice

Mankiw argues that a primary difference between taxing products like gasoline and taxing soda and other sugary drinks is that

• A)consumption of gasoline causes negative externalities on society while consumption of soda affects the consumer.
• B)the government can generate significant revenue from the gas tax but not from a soda tax.
• C)gasoline has inelastic demand but soda has elastic demand.
• D)Both a and c are correct.

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Definitions:

Door-To-Door Selling

A direct sales technique where salespeople visit potential customers at their homes to present and sell products or services.

Memorized Sales Presentation

A pre-scripted pitch by a salesperson that outlines the benefits and features of a product, aiming for efficiency and consistency in delivery.

Technical Products

Goods or services that require specific technical knowledge or expertise, often related to technology or engineering fields.

Formula Presentation Method

A structured approach to sales presentations that follows a set pattern or formula.