Examlex
The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.
Laffer Curve
A theory that illustrates the relationship between tax rates and the amount of tax revenue collected by governments.
Deadweight Loss
A loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is unattainable.
Tax Per Unit
A tax that is levied on a per unit basis, meaning for every unit of a good produced or sold, a certain amount of tax is paid.
Deadweight Loss
A reduction in economic effectiveness that happens when a good or service does not reach, or cannot reach, its equilibrium state.
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