An Efficient Tax System Is One That (I)

question 219

Multiple Choice

An efficient tax system is one that (i)
Maximizes tax revenues.
(ii)
Minimizes deadweight losses from taxes.
(iii)
Minimizes administrative burdens from taxes.
(iv)
Promotes equity across taxpayers.

• A)(i) only
• B)(ii) and (iii) only
• C)(i), (ii), and (iii) only
• D)(i), (ii), (iii), and (iv)

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Definitions:

Decision Making

The process of selecting a course of action from among multiple alternatives.

Idea Generation

The process of creating, developing, and communicating new concepts or solutions, often a crucial phase in problem solving and innovation.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Norms

Shared expectations and rules that guide behavior of members within a group or society.