Examlex
Which of the following is true about the abbreviation CTA?
Deadweight Loss
The shortfall in economic efficiency arising when a market for a good or service does not meet or cannot meet the equilibrium point.
Excise Tax
A specific tax levied on the sale of a particular good or service, often included in the price of products like gasoline, alcohol, and tobacco.
Ability-To-Pay
A principle of taxation that suggests taxes should be levied based on the taxpayer's ability to bear the financial burden.
Regressive Tax
A tax that takes a smaller share of the income of high-income taxpayers than of low-income taxpayers.
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