The Tax on Gasoline Is an Example of

question 15

Multiple Choice

The tax on gasoline is an example of

• A) a consumption tax.
• B) a corrective tax.
• C) an income tax.
• D) a command-and-control policy.

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Definitions:

Investment Contract

A type of security representing an investment of money with an expectation of profit primarily from the efforts of others.

Supreme Court

The highest judicial court in the United States, often the final arbiter of legal and constitutional issues.

Section 14(e)

A provision under the U.S. Securities Exchange Act of 1934 that prohibits fraudulent, deceptive, and manipulative practices in connection with tender offers.

Securities Act of 1934

A U.S. federal law governing the secondary trading of securities (stocks, bonds, and debentures) to protect investors against malpractice.