A more efficient tax system imposes smaller deadweight losses and fewer administrative burdens on society.

Question

Quizplus · Accepted Answer

A more efficient tax system aims to minimize deadweight losses (the loss in economic efficiency caused by taxes) and administrative burdens, leading to a more optimal allocation of resources in society. Therefore, it is true that a more efficient tax system imposes smaller deadweight losses and fewer administrative burdens on society.

A More Efficient Tax System Imposes Smaller Deadweight Losses and Fewer