The ________ Is Not Easy to Administer, and It Sometimes

question 84

Multiple Choice

The ________ is not easy to administer, and it sometimes bears little relationship to taxpayers' income or other measures of their ability to pay.It has been described as the "least fair" tax in U.S.public opinion surveys.

• A)sales tax
• B)property tax
• C)individual income tax
• D)severance tax
• E)corporate income tax

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Definitions:

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Marginal Cost

The cost added by producing one additional unit of a product or service.

Recycling

Recycling is the process of converting waste materials into new materials and objects, aiming to reduce the consumption of fresh raw materials and minimize environmental impacts.

Marginal Social Benefit

The additional benefit to society from the production or consumption of one more unit of a good.