A Tax Is Efficient If It Imposes a Small Excess

question 121

True/False

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

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Definitions:

Neuroticism

A characteristic of personality marked by fluctuations in mood, feelings of nervousness, and inconsistent emotions.

Extraversion

A personality dimension describing individuals who are sociable, energetic, and often seek stimulation and the company of others.

Neuroticism

A personal attribute identifiable by its emotional volatility, anxious feelings, variability in moods, easily irked nature, and depressive states.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, and the desire to do a task well.