Examlex
Which of the following is an example of the sorting effect?
Tax
Mandatory financial contributions imposed by a government on individuals, corporations, or goods to fund public expenditures.
Tax Burden
The measure of the total amount of taxes imposed by government on individuals, corporations, goods, and services, affecting the income and purchasing power of taxpayers.
Buyer
An individual or entity that purchases goods or services for personal use or for the purpose of resale.
Tax Revenue
Income that is gained by governments through taxation, which is then used to fund public services and government commitments.
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