Examlex
Determine whether the pair of vectors is orthogonal.
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Tax Burden
The total amount of taxes paid by individuals or businesses relative to their income, often discussed in the context of debates over fairness and economic policy.
Elastic
Describes a situation in which the demand or supply for a good or service changes significantly when its price changes.
Inelastic
A situation in which the demand or supply for a product does not change significantly in response to price changes.
Fixed Productive Capacity
The maximum output that an economy can produce without increasing inflation, assuming resources are fully utilized.
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