In Choosing the Form of a Tax, There Is Often

question 343

Multiple Choice

In choosing the form of a tax, there is often a tradeoff between

• A)allocative and productive efficiency.
• B)profits and revenues.
• C)efficiency and fairness.
• D)fairness and profits.

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Definitions:

Avoid Loss

Strategies or actions taken to prevent or minimize financial, emotional, or physical harm.

Undermine Others

The act of subtly weakening or damaging someone else's position, reputation, or success.

Conditional

Relating to a scenario that depends on one or more requirements being met or conditions being fulfilled.

Forgiveness

The process of letting go of resentment, anger, and thoughts of revenge against someone who has wronged you.