Examlex
Three of the following are examples of mnemonics. Which one is not a mnemonic?
Tax Burden
The measure of the impact of taxation on an individual's or entity's income, assets, or purchasing power.
Elastic
Describes a situation in economics where the supply or demand for a good or service is sensitive to changes in price. In other words, a small change in price results in a larger change in quantity demanded or supplied.
Tax Burden
The measure of the total amount of taxes that an individual or business must pay, relative to their income or profit.
Yachts
Luxury vessels used for personal or recreational purposes, often considered a symbol of wealth and luxury.
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