Answer: The answer is to discourage the use of specific products.
In addition to raising money, the government imposes excise taxes to discourage the use of specific products.
Explanation: Excise taxes refer to indirect taxes that are imposed on specific goods, services, and activities. Examples of such goods are tobacco, alcohol and so on. Excise taxes are not directly paid by individuals but the taxes are levied on the producer or those, who passes it onto the consumer. Internal Revenue Service levied excise taxes on the producer or merchant. Revenues that are generated from excise taxes are used for targeting specific needs in the society which are often directly related to the good or service being taxed.
The small open economy will witness the eventually falling of domestic interest.
Explanation:
Mundell-Fleming model explains the situation of the small open economy. The model has certain assumptions in which the chance of investment opportunities depends upon the rate of income and interest. In the small open economy, the size of the market is small in size when it is compared with a large open economy.
The constant output determines the effect of market forces like policies of the Government, Global market speculation of supply, and the demand for economic factors. The supply of money is stabilized only with the purchasing power of the people. This can be achieved only by the availability of cheaper interest rates against the fluctuating real exchange rate.
The Boston Tea Party was a political protest against the British prohibition of Yankee traders from dealing directly with merchants in canton.
The Boston Tea Party was a political demonstration that took place at Griffin's Wharf in Boston, Massachusetts, on December 16, 1773. 342 chests of tea that had been imported by the British East India Company were dumped into the harbor by American colonists who were disgruntled and outraged with Britain for enforcing "taxation without representation."
Yankee traders were American businessmen and drug smugglers in the past, especially at the turn of the 19th century. The term "Yankee" was given to the traders since many of them were from Boston or other New England ports.
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The circumstances that lead a person to a midlife crisis can be the death of loved ones (parents), aging, among others.
Middle age crisis is a term to refer to a period of personal questioning that generally occurs to people who reach half their life expectancy.
The midlife crisis has caused such as:
- The person feels that the stage of his youth has passed.
- The emotional, physical, and mental transitions that are experienced in these years
- Clear signs of aging
- The passing of loved ones
- The change of partner or abandonment of a direct relative (child)
This stage is not considered as a disease but rather a stage of personal reflection that varies in the level of intensity with which the individual lives.
Note: This question is incomplete because there is missing information. However, I can answer it based on my previous general knowledge.
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