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A Tax Is Efficient If It Imposes a Small Excess

question 121

True/False

A tax is efficient if it imposes a small excess burden relative to the tax revenue it raises.


Definitions:

Leadership Development

The process of enhancing an individual's ability to guide, influence, and inspire others towards achieving mutual goals.

Experiencing Success

The state or feeling of achieving one's goals, aspirations, or expectations.

Self-development

The process of improving oneself through activities that enhance personal knowledge, skills, and abilities.

Guidelines

Recommendations or principles provided to advise or direct actions and decision-making.

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