Examlex
The presence of a suntan is due to increased activity of ________ in response to increased levels of ultraviolet radiation.
Tax Revenue
The income a government collects from taxes, used to fund public services and infrastructure.
Excise Tax
A targeted tax imposed on the sale of specific goods and services, such as alcohol, tobacco, and fuel.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market stability.
Progressivity
A characteristic of a tax system in which the tax rate increases as the taxable amount increases, placing a larger burden on high-income earners.
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