________ Is Defined as the Illegal Use or Transfer of a Third

question 5

Short Answer

________ is defined as the illegal use or transfer of a third party's personal identification information with unlawful intent.

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Definitions:

Tax

A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

Deadweight Loss

An economic inefficiency arising when a good or service fails to meet its free market equilibrium point.

Taxes

Mandatory payments made to the government, taken from individuals' earnings and the profits of businesses, or incorporated into the price of certain products, services, and financial dealings.

Budget Deficit

The financial situation in which a governing body's expenditures exceed its revenues within a given fiscal period, leading to borrowing or debt accumulation.