Examlex
Bismarck supported the monarchy and fiercely opposed the liberal movement,despite being born into the Junker class of the liberal working class.
Excise Tax
A direct tax placed on manufactured goods, and is often levied at the time of manufacture, rather than at sale.
Inelastic Supply
A market condition where the quantity supplied of a good does not change significantly when its price changes.
Inelastic Demand
The case in which the price elasticity of demand is less than 1.
FICA
FICA stands for the Federal Insurance Contributions Act and is a United States federal payroll tax that funds Social Security and Medicare programs.
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