A Tax Is Efficient If It Imposes a Small Excess

question 121

True/False

A tax is efficient if it imposes a small excess burden relative to the tax revenue it raises.

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Definitions:

Stimuli

Environmental factors or inputs that provoke a response or reaction from an organism or system.

Intelligence

The ability to learn from experience, adapt to new situations, understand complex concepts, and use knowledge to manipulate one's environment.

Power

Power is the capacity or ability to direct or influence the behavior of others or the course of events, often exercised through social, economic, or political means.

Neuromarketing

A field of marketing research that studies consumers' sensorimotor, cognitive, and affective response to marketing stimuli, using techniques from neuroscience.