Governments Impose Which of the Following to Help Pay for the Consequences

question 50

Multiple Choice

Governments impose which of the following to help pay for the consequences of using a particular product?

• A)Income taxes
• B)Consumption taxes
• C)Property taxes
• D)Value-added taxes

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Definitions:

Tertiary Sector

The segment of the economy that provides services rather than goods, including industries such as retail, healthcare, and education.

Primary Sector

Refers to the part of the economy that is involved in the extraction and production of raw materials, such as mining, agriculture, and forestry.

Farming

The practice of cultivating plants and livestock to produce food, fiber, and other products.

Fishing

The activity of catching fish, either for commercial, recreational, or subsistence purposes.