Examlex
Which of the following is most typical of collectivist thinking?
National Debt
The total amount of money that a country's government has borrowed, by various means, to fund its activities beyond its revenues.
Budget Act
A legislative act that governs budgetary allocations and the process of budget creation and approval by a government.
Marginal Tax Rate
Additional taxes paid divided by taxable income.
Liberal Economists
Liberal economists advocate for minimal government intervention in the economy, emphasizing free markets, free trade, and the importance of individual choice and freedoms in economic matters.
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