Examlex
A production possibilities frontier will shift inward if there is more unemployment of labor.
Tax
A compulsory financial charge or some other type of levy imposed by a governmental organization on individuals or entities to fund public expenditures.
Price
The sum of money needed to buy a product, service, or property.
Producer Surplus
The difference between the amount producers are willing to sell a good for and the higher price they actually receive.
Tax
A compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
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