Examlex
Who of the following claims it is possible to be truly happy only in a virtuous society?
Deadweight Loss
The reduction in economic efficiency that happens when a good or service does not reach or cannot reach its equilibrium.
Efficient Tax System
A tax system that collects required revenue without excessive government borrowing, and does so in a way that does not impede economic growth.
Tax Revenues
The income that is received by the government from taxpayers, including individuals and businesses, to fund public expenditures.
Deadweight Loss
The loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable.
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