If Tax Efficiency Is the Only Goal,a Tax System Should

question 75

Multiple Choice

If tax efficiency is the only goal,a tax system should be designed to minimize its:

• A)burden.
• B)administrative costs.
• C)impact on the poor.
• D)burden and its administrative costs.

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Definitions:

Industry Guides

Interpretations of consumer laws created by the FTC to encourage businesses to stop unlawful behavior.

FTC

The Federal Trade Commission, a U.S. government agency responsible for preventing anticompetitive, deceptive, and unfair business practices.

Corrective Advertising

Advertising in which a company explicitly states that formerly advertised claims were untrue. Also called counteradvertising.

Cease and Desist Order

A legal order issued by a court or government authority to stop allegedly illegal activities.