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Explain How "Twins Studies" Methodology Works

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Essay

Explain how "twins studies" methodology works.


Definitions:

Consumption Tax

A tax on the spending on goods and services purchased by consumers.

Income

Regular revenue generated through employment or by making investments.

Goods and Services

Refers to the physical products and intangible benefits that fulfill the needs or wants of consumers.

Surplus

The condition when supply exceeds demand, leading to excess goods or services being available.

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