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A Tax Is Efficient If It Imposes a Small Excess

question 121

True/False

A tax is efficient if it imposes a small excess burden relative to the tax revenue it raises.


Definitions:

Trancelike State

A state of consciousness that involves focused attention, reduced peripheral awareness, and an enhanced capacity for response to suggestion.

Conscious Awareness

The state of being aware of and able to think about one's own thoughts, feelings, and perceptions in the moment.

Stimulant

A substance that raises levels of physiological or nervous activity in the body.

Mental Activity

Processes of the mind that include thinking, perceiving, remembering, reasoning, and any other form of cerebral operation.

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