Examlex
Periodic payments to an insurance company for coverage (an insurance policy) are called _________.
Tax
A necessary economic duty or another sort of imposition exacted from a taxpayer by a governmental agency to allocate funds for government activities and multiple public financial needs.
Good
A tangible item that satisfies some human want or need, which can be transferred from the producer to a buyer.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved, leading to a mismatch between supply and demand.
Tax
A non-negotiable pecuniary charge or alternate levy directed at a taxpayer by a government authority to underwrite the costs of government functioning and various public funding requirements.
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