An Abstract Class Is Not Instantiated, but Serves as a Superclass

question 13

True/False

An abstract class is not instantiated, but serves as a superclass for other classes.

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Definitions:

Tax

A financial charge or levy imposed by a government on individuals, corporations, or transactions to fund public expenditures.

Consumer Surplus

The gap between what consumers are prepared and able to spend on a product or service compared to what they end up paying in reality.

Per-Unit Burden

Represents the tax amount charged on each unit of a good or service, reflecting the financial impact of taxes on production and consumption.

Tax

Compulsory charges levied by a government on individuals or corporations to finance government activities and public services.