Country A's Tax System Is More Efficient Than Country B's

question 8

Multiple Choice

Country A's tax system is more efficient than Country B's tax system if

• A)Country A collects less tax revenue than Country B, and the cost to taxpayers is the same in both countries.
• B)Country A collects more tax revenue than Country B, even though the cost to taxpayers is greater in Country A than in Country B.
• C)the same amount of revenue is raised in both countries, but the cost to taxpayers is smaller in Country A than in Country B.
• D)the same amount of revenue is raised in both countries, but the taxes are collected in a shorter amount of time in Country A than in Country B.

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Definitions:

Tchebysheff's Theorem

A statistical theorem stating that for any distribution, the proportion of outcomes within k standard deviations of the mean is at least 1-1/k^2 for k>1.

Measure Of Shape

Statistical indicators that describe how a dataset is distributed along the axis, including skewness and kurtosis, which indicate asymmetry and the peakedness of the data distribution, respectively.

Tchebysheff's Theorem

A statistical rule that provides a minimum probability of outcomes within a certain number of standard deviations from the mean in any distribution.

Standard Deviations

Metrics that quantify the variations or dispersion around the mean in a data set, showing how spread out the values are.