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What determines the proportion of a unit excise tax that will be passed on to consumers in the form of higher prices?
Ethical Egoism
A moral theory suggesting that individuals should act in their own self-interest.
Kant's Theory
A philosophical doctrine attributed to Immanuel Kant, emphasizing duty, moral law, and the categorical imperative as the foundations of ethical actions.
Duty
An obligation or responsibility to act in a certain way, often determined by moral or legal considerations.
Ethical Egoism
A moral philosophy arguing that individuals should act in their own self-interest and that this is the only moral duty.
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