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Micro Econ > Ch. 7 Taxes > Flashcards

Ch. 7 Taxes Flashcards

1
Q

What is an excise tax?

A

it is a tax charged on each unit of a good or service that is sold.

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2
Q

What is incidence?

A

a measure of who really pays the tax.

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Micro Econ (4 decks)

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