Questions About the Equity of a Tax Are Concerned Mostly

question 133

Multiple Choice

Questions about the equity of a tax are concerned mostly with

• A) efficiency.
• B) tax revenue.
• C) fairness.
• D) deadweight loss.
• E) elasticity.

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Definitions:

Trade in Goods

The buying and selling of physical products between countries, regions, or within the same country.

Net Inflow

The total amount of something (such as capital or goods) entering a location minus the amount leaving it.

Services

Intangible activities or benefits that an organization provides to consumers in exchange for money or some other value.

Dollar Rate

The exchange rate of a currency against the US dollar.