Which of the Following Statements Is Concerned with Efficiency Rather

question 143

Multiple Choice

Which of the following statements is concerned with efficiency rather than equity?

• A) Sales taxes on food are regressive and should be eliminated.
• B) Income taxes should be raised on low-income families so that everyone pays.
• C) The United States should implement a wealth tax on upper-income households.
• D) Excise taxes tend to raise prices for consumers.
• E) The overall tax system in the United States should be much more progressive.

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Definitions:

Restraint of Trade

Legal agreements or policies that restrict or limit competition or the freedom to conduct business in a certain market.

Enforceability

The ability of a legal document or agreement to be upheld or compelled in a court of law.

Mentally Incapacitated Persons

Individuals who are not able to make decisions for themselves due to mental disabilities or conditions, impacting their ability to understand or communicate effectively.

Voidable Contract

A valid contract that can be legally voided at the option of one of the parties.