An Efficient Tax System Is One That Generates a Lot

question 153

True/False

An efficient tax system is one that generates a lot of revenue even if the administrative burden is high.

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Definitions:

Economic Sense

A term describing decisions or actions that are rational and based on sound economic principles, ensuring efficiency and cost-effectiveness in achieving desired outcomes.

Progressed

Having moved forward or developed in terms of growth, improvement, or achievement.

Nations

Nations are large groups of people who share common history, culture, language, or ethnic origin, often occupying a particular territory or state.

Physical Capital

Tangible assets used in the production of goods and services, such as machinery and buildings.