​Use the Following Table for Question

question 63

Multiple Choice

​Use the following table for question

-​If the government could raise taxes on one good,which product should the government increase tax rates in order to raise tax revenue?

• A)​Cigarettes
• B)Alcohol
• C)Sodas
• D)​None of the above

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Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid by borrowers to lenders.

Savings Account

A deposit account held at a bank or other financial institution providing principal security and a modest interest rate.

Opportunity Cost

The deficit of potential benefits that could be reaped from alternative options when one is picked.

Dollar Value

The worth of an item, service, or amount of money expressed in terms of the United States dollar currency.