Examlex
A "flame rod" senses the presence of a gas flame by using ionized particles in the flame as a ____.
Deadweight Loss
The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.
Marginal Tax Rate
The rate at which your last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.
Income Security
Government programs designed to protect individuals from economic hardships and ensure a minimum level of income.
Administrative Burden
The workload and costs associated with bureaucratic procedures and regulations, often mentioned in the context of criticisms of government or organizational inefficiency.
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