Examlex
The length of a certain wire is doubled and at the same time its radius is reduced by a factor of 2.What is the new resistance of this wire?
Progressive Taxes
Taxation that takes a larger percentage of income from high-income earners than from low-income earners, aimed at reducing income inequality.
Ability-To-Pay Principle
The concept that taxes should be levied according to an individual's or entity's ability to bear them, typically resulting in higher earners paying more taxes.
Lump-Sum Taxes
Taxes that are a fixed amount, not dependent on the taxpayer's income or activities, thus they do not distort economic decisions.
Economic Efficiency
A condition where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
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