Concepts useful in evaluating the costs and benefits of alternative types of taxes are:

Question

Quizplus · Accepted Answer

Efficiency is an important concept to consider when evaluating the costs and benefits of a tax because it refers to the ability of the tax system to generate revenue without causing significant economic distortions. Revenue is also a crucial concept since taxes are primarily used to raise money for the government. Finally, incidence - who ultimately bears the burden of the tax - is important to consider because it can affect the overall impact of the tax. Therefore, options A and D are relevant. However, option D is a better choice as it includes revenue which is an essential factor to be taken into consideration.

Concepts Useful in Evaluating the Costs and Benefits of Alternative