An Excise Tax on Gasoline Is Regressive If

question 177

Multiple Choice

An excise tax on gasoline is regressive if

• A)rich people buy more gasoline than poor people.
• B)the demand for gasoline is elastic.
• C)the tax causes people to buy less gasoline.
• D)poor people spend a larger portion of their incomes on gasoline than rich people.

---

Definitions:

Holistically

An approach or method of considering or treating something as a whole, rather than focusing on individual parts or aspects.

Individualistic Cultures

Cultures that emphasize personal achievements and individual rights, often prioritizing personal goals over group ones.

Openness to Change

The willingness to modify one’s behavior, attitudes, or beliefs in response to new information or experiences.

Conservatism

A political and social philosophy promoting traditional institutions and practices, emphasizing stability, and often resisting rapid changes in society.