If a Tax System Is Designed to Minimize the Sum

question 82

Multiple Choice

If a tax system is designed to minimize the sum of its deadweight loss and its administrative cost,its principal goal is:

• A)maximizing efficiency.
• B)maximizing equity.
• C)maximizing revenue.
• D)minimizing the tax burden.

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Definitions:

Cold War Policy

The strategic and foreign policies adopted by countries, notably the United States and the Soviet Union, during the Cold War to counter each other's global influence.

Chile

A country in South America known for its long, narrow strip of land that borders the Pacific Ocean.

Iran

A country in Western Asia, known officially as the Islamic Republic of Iran, with a rich history and significant geopolitical influence.

Trade Policy

Government regulations concerning international trade, including tariffs, trade agreements, and import/export controls, aimed at benefiting the country's economic interests.