An Excise Tax

question 189

Multiple Choice

An excise tax

• A) acts as a negative incentive to consume that good or service.
• B) is illegal in Florida, Georgia, and Alaska.
• C) is often used to encourage the use of a good.
• D) is a value added tax (VAT).

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Definitions:

Strong Acids

Acids that completely dissociate into their ions in water, significantly increasing the concentration of hydrogen ions in a solution.

Reduced

Reduced typically refers to a chemical reaction in which atoms gain electrons, or in a broader sense, the diminishment in size, amount, or intensity of something.

Acid

Substances that release hydrogen ions (H+) when dissolved in water, characterized by their sour taste and the ability to turn litmus paper red.

Oxidized

The state of a molecule that has lost electrons, often associated with a gain of oxygen or loss of hydrogen.