Which of the Following Statements in CORRECT

question 284

Multiple Choice

Which of the following statements in CORRECT?

• A) If the government can make the tax system fairer without additional inefficiency, it should do so to maximize equity.
• B) If the government can make the tax system fairer without additional inefficiency, then the existing tax system is perfectly designed.
• C) There is no trade-off between equity and efficiency in the tax system.
• D) If the government can make the tax system fairer without additional inefficiency, it should seek to maximize equity at the expense of efficiency.

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Definitions:

Minerals Crystallize

The process by which minerals form a structured, solid arrangement from a liquid or gaseous phase as they cool or evaporate.

Order They Melt

The sequence in which materials change from solid to liquid form due to temperature increases, often used in geological contexts to discuss rock or mineral melting points.

Convergent Boundary

A tectonic boundary where two or more tectonic plates move towards each other, often resulting in mountain building, earthquakes, and volcanic activity.

Oceanic Plate

A type of tectonic plate that consists mainly of basaltic crust and is denser than continental plates, often subducted under a continental plate at convergent boundaries.