Which of the Following Statements Is Concerned with Efficiency Rather

question 60

Multiple Choice

Which of the following statements is concerned with efficiency rather than equity?

• A) It is not fair to tax the income earned by the wealthy at higher rates than the poor.
• B) Excise taxes on tobacco products affect low-income families the most and should be reduced.
• C) Our income tax system should be more progressive than it is now.
• D) Taxes cause distortions in markets and reduce social welfare.
• E) The best type of income tax is a flat tax because it treats everyone the same.

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Definitions:

Business Strategy

A plan of action designed to achieve specific goals and objectives in the business environment.

IT System

An integrated set of hardware, software, networks, and processes that enable the processing and management of information in an organization.

Paper-based HR

A traditional human resources management approach where processes and records are documented and stored on paper.

Data Retrieval

The process of accessing and extracting specific data or information from a database or data storage system.