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The Volumetric Ethanol Excise Tax Credit (VEETC) Is a Tax

Question 323

Multiple Choice

The Volumetric Ethanol Excise Tax Credit (VEETC) is a tax credit for registered ethanol-gasoline blenders. Qualified blenders receive $0.51 for each gallon of pure ethanol they blend into gasoline. VEETC is an example of a


A) subsidy.
B) price floor.
C) price ceiling.
D) quota.

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