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Excise taxes on products like gasoline and tobacco are regressive.

Gideon123

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Excise taxes on products like gasoline and tobacco are regressive.

Question 1.

A tax that exacts a lower proportion of income from higher-income people than it does from lower-income households is a regressive tax.

▸ true

▸ false

Question 2.

Excise taxes on products like gasoline and tobacco are regressive.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 119 times

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DryPhantom

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5 years ago

More solutions for this book are available here

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Gideon123 Author

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Thank you for answering so quickly

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