A Tax Is Efficient If It Imposes a Large Excess

question 116

True/False

A tax is efficient if it imposes a large excess burden relative to the tax revenue it raises.

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Definitions:

Absolute Privilege

Exemption from liability for defamatory statements made in some settings (such as legislatures and courts), without reference to the speaker’s motives or the truth or falsity of the statement.

Defamation Action

A legal claim brought against someone who has made false statements that damage another person's reputation.

Spreads False Information

The dissemination of untrue information or statements, often with the intent to deceive or mislead.

Sued

The act of bringing a lawsuit against an individual or entity, seeking legal remedy for harm or grievances.