A Tax System with Little Deadweight Loss and a Small

question 506

Multiple Choice

A tax system with little deadweight loss and a small administrative burden would be described as

• A)equitable.
• B)communistic.
• C)capitalistic.
• D)efficient.

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Definitions:

Phoneme

A Phoneme is the smallest unit of sound in a language that can distinguish meaning between words.

Preference

A greater liking for one alternative over another or others.

Context

The circumstances or settings surrounding an event, statement, or idea, which can significantly impact its meaning and interpretation.

Sentence

A collection of words that forms a complete unit, usually comprising a subject and predicate, and expresses a statement, question, exclamation, or command.