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question 35

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Tay-Sachs disease is an inherited genetic disorder in which the gene sequence codes for an enzyme involved in lipid metabolism. Accumulation of lipids in the brain leads to seizures, blindness, loss of neural function, and early death. People can be carriers of this disease and only homozygotic offspring will die from this disorder.
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Definitions:

Tax

A compulsory financial charge or other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unattainable, leading to misallocation of resources.

Tax Laws

Regulations governing how taxes are assessed, collected, and managed by government entities, including income, corporate, sales, and property taxes.

Income Taxes

Taxes imposed by governments on the income earned by individuals and corporations within their jurisdiction.

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