Examlex
Explain how your right to defend yourself is limited.
Excise Tax
A type of tax imposed on specific goods, services, or activities, often used to discourage consumption of certain products or to raise government revenue.
Efficiency Loss
The decrease in economic efficiency that occurs when market conditions prevent the optimal allocation of resources, often caused by market failures or interventions.
Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Marginal Benefit
The extra utility or satisfaction gained from the utilization or creation of one more unit of a product or service.
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