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    Economics Principles and Policy Study Set 2
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    Exam 17: Taxation and Resource Allocation
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    An Excise Tax
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An Excise Tax

Question 176

Question 176

Multiple Choice

An excise tax


A) is a sales tax on the purchase of a particular good or service.
B) is a tax on the profits earned from the sale of an asset.
C) represents a surcharge on corporate profits beyond the normal corporate tax rate.
D) is a tax on income-earning rental property.

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