A Tax System Achieves Efficiency When

question 5

Multiple Choice

A tax system achieves efficiency when:

• A)the right people actually bear the burden of taxes.
• B)it minimizes the costs to the economy of tax collection.
• C)the tax is fair.
• D)it is in equilibrium.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

Mistake Of Fact

A mistake of fact refers to a misunderstanding or incorrect belief about a fact relevant to a contract or a legal proceeding, affecting the decisions made by the parties involved.

Contract

A binding pact between parties that has legal force and can be upheld in court.

Accept

To agree to receive or undertake something offered.