Examlex
White matter is composed of
Tax Revenue
The income that is collected by the government through various forms of taxation.
Excess Burden
The expense incurred by society due to market inefficiency, happening when there's a mismatch between supply and demand.
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.
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