Examlex
Which of the following is not a counterweight to the prime minister's power?
Deadweight Loss
Deadweight loss is an economic inefficiency that arises when a market outcome is not optimal, resulting in a loss of total surplus due to factors like taxes or monopolies.
Supply
The total amount of a product or service that is available for purchase at any given time.
Elastic
Describing a situation in economics where the demand or supply for a good or service significantly changes in response to changes in price.
Tax Rates
The percentage at which an individual or corporation is taxed, which can vary based on income level, type of goods or activities.
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