Regulatory Taxes Are Sometimes Called A(n)

question 18

Multiple Choice

Regulatory taxes are sometimes called a(n)

• A)sin tax.
• B)use tax.
• C)selective tax.
• D)objected tax.

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Definitions:

Worse Off

A situation in which an individual, group, or economy is in a poorer or less advantageous position compared to a previous state or another entity.

Equitable

Characterized by fairness and impartiality; ensuring just treatment or distribution of resources without favoritism or discrimination.

Externalities

Economic side effects or by-products that affect an uninvolved third party; can be either positive or negative.

Pareto Efficient

A circumstance in resource distribution where any improvement for one individual means a disadvantage for at least another.