A Tax Is Efficient If It Imposes a Large Excess

question 116

True/False

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

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Definitions:

X-intercepts

The points at which a graph intersects the x-axis, indicating the values of x when the function's output equals zero.

Y-intercepts

The points where a graph intersects the y-axis of a coordinate plane.

X-intercepts

X-intercepts are the points where a graph crosses the x-axis, signifying where the function has a value of zero.

Y-intercepts

The points where a line crosses the y-axis of a coordinate system.