Which Statement Is CORRECT

question 221

Multiple Choice

Which statement is CORRECT?

• A)If the government can make the tax system fairer without sacrificing efficiency,it should do so to maximize equity.
• B)If the government can make the tax system fairer without sacrificing efficiency,then the existing tax system is perfectly designed.
• C)There is no trade-off between equity and efficiency in the tax system.
• D)If the government can make the tax system fairer without sacrificing efficiency,it should seek to maximize equity at the expense of efficiency.

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Definitions:

Chance

The occurrence of events without any predictable pattern or cause, often expressed in terms of probability.

Hit

In computing and data retrieval, a hit refers to a request for data or transaction that matches specific criteria.

Probability

A measure of the likelihood of a particular event occurring, ranging from 0 (impossible) to 1 (certain).

Complement

The complement in mathematics refers to the amount needed to complete something or make it whole, often seen in set theory as elements not in the subset.