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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:

Cultural Factors

Elements that arise from the shared beliefs, values, norms, and practices of a group of people that influence behavior and interactions.

Adaptive Traits

Characteristics or behaviors of an organism that have evolved over time to increase the likelihood of survival and reproduction in its environment.

Family Studies

An academic and research field that explores the dynamics, relationships, and functions within families.

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