Goals of Efficiency and Equity in Tax Policy Are

question 529

Multiple Choice

Goals of efficiency and equity in tax policy are

• A)complementary in most countries.
• B)necessary for application of the ability-to-pay principle.
• C)often in conflict with each other.
• D)easier to achieve when tax codes are complex.

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Definitions:

Shade Avoidance

The tendency of plants that are adapted to high light intensities to grow taller when they are closely surrounded by other plants.

Phytochrome

A photoreceptor in plants that detects light to regulate various processes, such as germination, flowering, and shade avoidance.

Circadian Rhythm

An internal rhythm that approximates the 24-hour day. See biological clocks.

Cryptochrome

A proteinaceous pigment that strongly absorbs blue light; implicated in resetting the biological clock in plants, fruit flies, and mice.