An Example of a Tax Specifically Designed to Reduce Consumption

question 40

Multiple Choice

An example of a tax specifically designed to reduce consumption of a good is a tax on:

• A) automobiles.
• B) dairy products.
• C) gasoline.
• D) fast food.

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Definitions:

Variations

Differences or deviations within a population, group, or set of phenomena, often considered in genetics, language, and statistics.

Illusion Of Control

The tendency for individuals to overestimate their ability to control events, an error in judgment often observed in various psychological contexts.

Gamblers

Gamblers are individuals who wager money or something of value on an event with an uncertain outcome, often involving risk in the hope of gaining more.

Dice

Small cube-shaped objects with dots on each of their six faces, used for generating random numbers in games.