Examlex
(a) What is the purpose of the Freedom of Information Act?
(b) To what categories of records does the FOIA allow denial of access?
Government Revenue
The money received by a government from taxes and non-tax sources to enable it to undertake government expenditures.
Perfectly Inelastic
A situation in which the quantity demanded or supplied of a good does not change regardless of changes in its price.
Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Price Elasticity
A gauge for understanding the degree to which the demand for a product changes in response to its price fluctuation.
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