For a Tax to Be Successful,the Tax Base Must Be

question 14

Multiple Choice

For a tax to be successful,the tax base must be ???_____.

• A)easy to measure and monitor
• B)large
• C)inelastic
• D)able to expand in times of crisis

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Definitions:

European Unification

The process of political, economic, and social integration among European countries, aiming to foster peace, stability, and prosperity.

Thriving Economy

An economic state characterized by strong growth, low unemployment, and rising incomes, indicating a healthy and prosperous economic environment.

World Bank

An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

Borrowing Money

The act of obtaining funds from another party with the promise of repaying the principal along with potential interests.