Examlex
Which of the following account names should not be used in modern practice?
Tax
A mandatory financial charge imposed by a governmental organization in order to fund various public expenditures.
Gains from Trade
Gains from trade refer to the increase in consumer and producer surplus that occurs when countries specialize in the production of goods and services in which they have a comparative advantage and then trade with others.
Deadweight Losses
Losses in social welfare, usually measured in terms of lost revenue or surplus, resulting from inefficiencies in a market or the economy.
Taxes
Necessary financial levies or assorted kinds of dues imposed on an individual by a governmental structure to facilitate government finance and numerous public investments.
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