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The U.S. Constitution declares that the Constitution is supreme law. The reality of this pronouncement can be quite complicated; but in theory, what impact does this have on state-level courts?
Tax Rate
The percentage at which an individual or corporation is taxed on earned income, investments, or properties.
Buyer Surplus
The difference between the buyer’s value (what he is willing to pay) and the price (what he has to pay).
Seller Surplus
The difference between price (what the seller is able to sell for) and the seller’s value (what she is willing to sell for).
Individual's Value
The worth or significance of a person, often considered in terms of their qualities, actions, and contributions to society.
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