Examlex
____ immunity defense from the body being exposed to specific antigens that are "remembered" by the immune system.
Regressive
A type of tax system in which the tax rate decreases as the taxable amount increases, often placing a higher burden on lower-income earners.
Inelastic Supply
A situation where the supply of a good does not significantly change when its price changes, often due to limitations in production capabilities or time constraints.
Excise Tax
A tax imposed on specific goods or services, such as tobacco and alcohol, often intended to discourage their use or generate revenue.
Proportional
In economics, proportional refers to a relationship or distribution that remains the same in proportion or rate, such as a tax that takes the same percentage from all income earners.
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