One Tax System Is Less Efficient Than Another If It

question 219

Multiple Choice

One tax system is less efficient than another if it

• A)places a lower tax burden on lower-income families than on higher-income families.
• B)places a higher tax burden on lower-income families than on higher-income families.
• C)raises the same amount of revenue at a higher cost to taxpayers.
• D)raises less revenue at a lower cost to taxpayers.

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Definitions:

Foreign Corrupt Practices Act

A U.S. law aimed at preventing American companies and their agents from engaging in bribery and other unethical practices abroad.

Unlawful Payments

Transactions or payments made that are illegal or not sanctioned by law, often involving bribery or corruption.

Foreign Official

An individual who holds a position of authority or office in a government or international agency outside of one's own country.

Absolutism

A theory of ethics which requires that individuals defer to a set of rules to guide them in the ethical decision-making process. Whether an action is moral depends on whether it conforms to the given set of ethical rules.