By the 1970s, the Average Couple Had Their First Child

question 44

True/False

By the 1970s, the average couple had their first child by their late 30s and had a total of four children spaced two years apart.

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Definitions:

Excise Tax

Is a tax applied on the sale or production for sale of specific goods within a country.

Incidence

Refers to how the burden of a tax is distributed between buyers and sellers in the market.

Efficiency Loss

The loss of economic efficiency that can occur when the equilibrium for a good or service is not achievable or not achieved.

Excise Tax

A tax charged on specific goods and services, such as tobacco, alcohol, and gasoline, typically imposed at the manufacturing or production level.