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Prompt: (1) Explain excise tax in detail. (2) Discuss when an excise tax is likely to be used and its impact. (3) Discuss the pros

  • Prompt: (1) Explain excise tax in detail. (2) Discuss when an excise tax is likely to be used and its impact. (3) Discuss the pros and cons of an excise tax. (4) Discuss the use of an excise tax to address a social cost or concern, and give at least one specific example of such an excise tax.

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