Examlex
Relaxation Response, a meditation technique developed by Herbert Benson, is also known as Secular Meditation.
Excess Burdens
The economic inefficiencies or losses that result from imposing taxes or government policies.
Principle of Second Best
An economic theory that suggests when a condition for a perfect market cannot be met, the next-best solution may involve violating another condition to improve efficiency.
Distortionary Tax
A tax that causes people to alter their behavior and make different economic decisions than they would in a free market, potentially leading to inefficiency.
Efficiency
The extent to which resources are utilized optimally to achieve desired outcomes with minimum waste or effort.
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