A tax that is imposed as a specific amount per unit of a good is a(n)
A)excise or specific tax.
B)sales or ad valorem tax.
C)compound duty.
D)income tax.

Question

Quizplus · Accepted Answer

A tax that is imposed as a specific amount per unit of a good is called an excise or specific tax. This type of tax is usually applied to products that are considered harmful or able to cause negative externalities, such as alcohol, tobacco, and gasoline. The tax is levied on a per-unit basis, regardless of the value of the product or its price.

A Tax That Is Imposed as a Specific Amount Per