Examlex
Which one of the following statements is NOT true of tornadoes?
Excess Burden
The cost to society created by market inefficiency, particularly through the misallocation of resources or distortions in the market.
Excess Burden
The cost to society created by market inefficiency, often associated with the distortionary effects of taxes and subsidies.
Tax Revenue
The income that is gained by governments through taxation, used to fund public services and government obligations.
Excess Burden
The economic loss that society suffers due to market inefficiencies or taxes beyond the collected tax revenue.
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