A concept useful in evaluating the costs and benefits of alternative types of taxes is:

Question

Quizplus · Accepted Answer

All three concepts (efficiency, revenue, and incidence) are important in evaluating the overall effect of taxes. Efficiency refers to how well a tax system raises revenue while minimizing distortions in economic behavior. Revenue refers to the amount of money collected by the government through taxes. Incidence refers to who ultimately bears the burden of the tax. By considering efficiency, revenue, and incidence, policymakers can make more informed decisions about the most appropriate types of taxes to use to achieve their goals while minimizing negative effects on the economy and taxpayers.

A Concept Useful in Evaluating the Costs and Benefits of Alternative