Examlex
Which of the following is TRUE?
Tax
An obligatory fee or some other type of financial imposition placed on a taxpayer by a government organization, designed to cover the cost of government activities and diverse expenditures in public services.
Per-unit Burden
The financial impact or cost of a tax, fee, or regulation expressed on a per unit basis.
Tax
Compulsory contributions made to government revenues, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Per-unit Burden
The tax cost to a buyer or a seller for each unit of a good or service, often used to analyze the effect of taxes on market equilibrium.
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