All the Following Items Have a Hidden Tax Included in Their

question 27

Multiple Choice

All the following items have a hidden tax included in their prices except

• A)cigarettes.
• B)alcohol.
• C)gasoline.
• D)real estate.

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Definitions:

U.S. Imports

Goods and services purchased by residents of the United States from other countries.

Services

Intangible products provided to consumers, which could include education, healthcare, and entertainment, among others.

Exchange Rate

The rate at which one currency can be exchanged for another.

Country's Currency

The legal tender or medium of exchange that is issued by a country and used for financial transactions within its borders.