Lump-Sum Taxes Are Equitable but Not Efficient

question 84

True/False

Lump-sum taxes are equitable but not efficient.

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Definitions:

Entrepreneurial Revolution

A significant shift towards entrepreneurship and innovation, transforming traditional industries and creating new economic opportunities.

Competitiveness

The ability of a company or a nation to offer products and services that meet the quality standards of the local and global markets at prices that are competitive.

David Birch

An American economist noted for his research on job creation, small and medium enterprises, and entrepreneurial activity.

MIT Researcher

This describes an individual involved in conducting research at the Massachusetts Institute of Technology, a leading institution known for its scientific and technological research.