Examlex
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National Sales Tax
A tax levied on retail sales of goods and services at the national level, typically a percentage of the sales price.
Low-Income
Describes individuals or families that earn significantly less than the median income of their locality, often leading to limited access to goods and services.
Positive Economics
The branch of economic study that focuses on objective analysis and descriptions of how economies work, without making value judgments.
Global Warming
The long-term rise in Earth's average temperature, primarily due to human activities like burning fossil fuels, which increases greenhouse gas levels in the atmosphere.
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