Which of the Following Statements Is Concerned with Efficiency Rather

question 60

Multiple Choice

Which of the following statements is concerned with efficiency rather than equity?

• A) It is not fair to tax the income earned by the wealthy at higher rates than the poor.
• B) Excise taxes on tobacco products affect low-income families the most and should be reduced.
• C) Our income tax system should be more progressive than it is now.
• D) Taxes cause distortions in markets and reduce social welfare.
• E) The best type of income tax is a flat tax because it treats everyone the same.

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Definitions:

Cylinder Head

The component of an engine that closes in the top of the cylinder, forming the combustion chamber and containing mechanisms such as valves and spark plugs.

Four-Stroke Cycle

A cycle of internal combustion engine operation that includes intake, compression, power, and exhaust strokes.

Crankshaft

A pivotal component in an engine that translates the linear motion of pistons into rotational motion to drive the vehicle.

Degrees

A unit of measurement used to quantify temperature, angles, or the level of academic achievement.