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:

Population Growth

The increase in the number of individuals in a population, often measured as the change in population size over time.

Resource Consumption

Resource consumption refers to the use of natural resources by humans for energy, food, materials, and other necessities.

Density-Dependent

Factors whose effects on the size or growth of a population vary with the population density.

Density-Independent

Referring to effects on population growth that are not related to the density of the population, such as weather disasters or human activities.