If a Tax System Is Designed to Minimize the Sum

question 82

Multiple Choice

If a tax system is designed to minimize the sum of its deadweight loss and its administrative cost,its principal goal is:

• A)maximizing efficiency.
• B)maximizing equity.
• C)maximizing revenue.
• D)minimizing the tax burden.

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Definitions:

Human Relations Skills

The ability to interact effectively and harmoniously with other people.

Engineering Technician

A professional who applies theoretical engineering principles and technical skills to support engineers in various projects and experiments.

Theory Y

A management approach based on the belief that employees are intrinsically motivated to work and can be trusted to seek out responsibility.

Punishment

The introduction of an unpleasant stimulus as a consequence of the learner having done something wrong.