Which type of goods are the best choice for levying or applying an excise tax? O Gasoline; almost everyone uses it, so the government will definitely get the tax revenue. O Luxury sports cars; these are luxury goods and those who can afford them can afford to pay more in taxes. O Alcohol; no one needs alcohol and besides if the tax reduces alcohol consumption, fewer innocent people will be harmed in DUI accidents.

Which type of goods are the best choice for levying or applying an excise tax? O Gasoline; almost everyone uses it, so the government will definitely get the tax revenue. O Luxury sports cars; these are luxury goods and those who can afford them can afford to pay more in taxes. O Alcohol; no one needs alcohol and besides if the tax reduces alcohol consumption, fewer innocent people will be harmed in DUI accidents.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter6: Supply, Demand And Government Policies

Section: Chapter Questions

Problem 7PA

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