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Which of the Following Statements Is True

question 22

Multiple Choice

Which of the following statements is true?


Definitions:

Exports

Goods or services sent from one country to another country for sale or trade.

Excise Tax

A tax on the production, sale, or consumption of a particular good or service.

Ability-To-Pay Principle

A tax principle that suggests taxes should be levied according to an individual's or entity's ability to pay, typically measured by income or wealth.

Revenue

The cumulative revenue produced from transactions involving the main business activities, such as selling goods or services.

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