Examlex
Which of the following is an example of a closed-ended interview question?
Excise Tax
A tax imposed on specific goods, services, or activities, such as tobacco, alcohol, and fuel, usually intended to discourage their use or generate revenue.
Demand and Supply
Economic model that determines the price of a good in a market, based on the desire and availability of the good.
Law of Demand
The Law of Demand states that, all else being equal, as the price of a good increases, the demand for that good decreases, and conversely, as the price decreases, demand for the good increases.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or commodity, usually intended to protect consumers from excessive costs.
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