On What Type of Products Do Governments Impose "Sin" Taxes

question 87

Multiple Choice

On what type of products do governments impose "sin" taxes?

• A)On products with elastic demand such as candy.
• B)On products with inelastic demand such as alcohol.
• C)On illegal products.
• D)On consumer goods but not capital goods.

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Definitions:

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Reaction time is the amount of time it takes for a person to respond to a stimulus, indicating the speed of cognitive processing and physical response.

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An educational disorder where individuals struggle with reading because of their inability to recognize and connect speech sounds to letters and words.

Reading Disorder

A learning disability characterised by difficulties with accurate or fluent word recognition, poor decoding, and spelling abilities.