In Choosing the Form of a Tax, There Is Often

question 343

Multiple Choice

In choosing the form of a tax, there is often a tradeoff between

• A)allocative and productive efficiency.
• B)profits and revenues.
• C)efficiency and fairness.
• D)fairness and profits.

---

Definitions:

Alliance for Progress

An initiative launched by President John F. Kennedy in 1961 aimed at establishing economic cooperation between the United States and Latin America to promote developmental and social reform.

Nation Building

The process through which the identity of a nation is constructed or structured, often involving the development of governance, social cohesion, and economic stability.

Monetary Aid

Financial assistance provided by one country or international organization to another, often to support economic development, humanitarian efforts, or to stabilize economies.

Self-interested Elite

This refers to a group of individuals at the top of the social hierarchy who act primarily out of their own interest, often at the expense of the broader society.