Which of the Following Is True for Taxes? They

question 254

Multiple Choice

Which of the following is true for taxes? They

• A) are always administered fairly.
• B) are a necessary part of living in an economy with a fair distribution of income.
• C) are always administered without creating unfairness or inefficiency.
• D) are an involuntary transfer of private property.
• E) do not create a big tradeoff problem.

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Definitions:

TNT

Trinitrotoluene, a yellow crystalline compound used as an explosive, due to its ability to rapidly decompose and release energy.

Paint Thinner

A solvent used to thin oil-based paints or clean up after their use, typically composed of volatile organic compounds.

Gasoline

A volatile, flammable liquid mixture derived from petroleum, used primarily as fuel in internal combustion engines.

Paint Thinner

A solvent used to dilute or remove oil-based paints, making them easier to apply or clean up.