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What we today call the __________ family, is characterized by tolerance and diversity, rather than a single family ideal.
Deadweight Loss
The inefficiency caused in a market where all potential gains from trade are not realized due to factors like taxes or subsidies.
Per-Unit Tax
A tax imposed on a product on a per unit basis, raising the cost of production or sale for that product.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the incremental rate applied to income in the highest tax bracket.
Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (income, expenditure, or asset), represented as a percentage.
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