Examlex
R&D refers to what?
Excise Tax
An indirect tax charged on the sale of a particular good.
Music Downloads
The act of transferring music files from the internet to a computer or device for offline listening.
Deadweight Loss
The reduction in economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.
Excise Tax
Excise tax is a tax imposed on specific goods, services, or activities, often included in the price of products like tobacco, alcohol, and gasoline, aimed at reducing consumption of these goods or generating revenue.
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