A Tax Is Efficient If It Imposes a Large Excess

question 116

True/False

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

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Definitions:

Extinction

In behavioral psychology, the process by which a conditioned response decreases in frequency and eventually disappears when the reinforcement is withheld.

Yelling Behavior

Vocal expressions performed at a high volume, often indicative of anger, distress, or attempting to command attention.

Partial Reinforcement Effect

The greater resistance to extinction of an instrumental or operant response following intermittent rather than continuous reinforcement during acquisition.

Frustration Theory

A psychological concept suggesting that frustration, or the blocking of goal achievement, leads to aggression or other antisocial behaviors.