Examlex
Which of the following terms refers to the net result of all money that flows into and out of a nation due to international payments?
Equilibrium
A state of balance or stability within a system, where all forces acting upon the system are equal and opposite, leading to no net change.
Tax Incidence
The study of who ultimately bears the burden of a tax, which can differ from who the tax is initially levied upon.
Tax Burden
The measure of taxes that an individual or business must pay out of their income or profit.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare among entities in the market.
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