A Tax System with Little Deadweight Loss and a Small

question 506

Multiple Choice

A tax system with little deadweight loss and a small administrative burden would be described as

• A)equitable.
• B)communistic.
• C)capitalistic.
• D)efficient.

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Definitions:

Net Energy

The amount of usable energy available from a resource after subtracting the energy expended to obtain, process, and distribute that resource.

Coal Burning Installation

Facilities or structures where coal is burned to produce energy, often involving the generation of electricity through heating water to turn turbines.

Crude Oil Reserves

Quantities of extractable oil from the earth, estimated based on geological and engineering data, indicating potential resources for future exploitation.

Atomic Bomb

A weapon of mass destruction that releases its destructive energy through nuclear reactions of fission or fusion, causing significant devastation and loss of life.