Examlex
Although many people worry about their sodium intake from salty foods,it would be unwise to eliminate sodium from one's diet completely.Which of the following problems would occur if there were no sodium in the body?
Regressive
Refers to a tax system where the tax rate decreases as the taxable amount increases, often placing a higher burden on lower-income earners.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare among entities, determining who ultimately bears the cost of the tax.
Burden
The load, duty, responsibility, or stress placed upon an individual or entity.
Distribution of Income
The way in which a nation’s total earnings are divided among its population, or the way in which wealth is shared amongst individuals.
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