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:

Embarrassment

A feeling of self-consciousness, shame, or awkwardness in potentially socially awkward situations.

Depression

A mood disorder marked by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Support Network

A group of individuals, including friends, family, and professionals, who provide emotional, informational, and practical aid.

Social Integration

The process by which individuals or groups are incorporated into a society, contributing to cohesion and a sense of belonging.