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COGNITIVE ASSESSMENT What is an example of a communications device that connects a communications channel to a sending or receiving device?
Tax
An essential monetary obligation or different kind of dues enforced on a taxpayer by a governmental institution for the purpose of funding state expenses and a variety of public outgoings.
Good
In economics, a good is a material that satisfies human wants and provides utility, for example, to a consumer making a purchase of a satisfying product.
Equilibrium Price
The market price where the quantity of goods supplied is equal to the quantity of goods demanded, leading to market balance.
Equilibrium Quantity
The quantity of goods or services bought and sold at the equilibrium price in a market.
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