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If It Is Possible to Make Person a Better Off

question 76

Multiple Choice

If it is possible to make person A better off without making person B worse off, then the distribution of goods must be ________.

Identify the potential benefits of shifting the basis of taxation from income to consumption or other bases.
Understand the concepts of marginal and average tax rates.
Identify the types of taxes and their characteristics.
Analyze the impact of different tax systems on individual and government revenue.

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