Examlex
Which of the following terms expresses the idea that technology is bound to fail due to its sheer complexity?
Consumer Surplus
The difference between the maximum amount consumers are willing to pay for a good or service and the actual amount they do pay.
Tax Revenue
The wealth accumulated by governments through the process of taxation.
Consumer Surplus
Consumer surplus is the difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.
Tax Revenues
The income received by the government from taxes imposed on individuals and businesses, used to fund government activities and public services.
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