Examlex
Which of the following is smallest in diameter?
Tax Revenue
The earnings achieved by governments by levying taxes.
Excess Burden
The cost to society created by market inefficiency, mainly used in the context of taxes that cause consumers and producers to alter their behavior in ways that reduce economic well-being.
Excess Burden
The cost to society created by market inefficiency, which occurs when goods or services are not produced or allocated efficiently.
Economic Decisions
Choices made by individuals, households, firms, or governments regarding allocation of scarce resources to satisfy various needs and desires.
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