If the primary goal in implementing a tax is to maximize efficiency and minimize deadweight loss,the government should impose a(n) :
A) income tax.
B) lump sum tax.
C) sin tax.
D) proportional tax.
Correct Answer:
Verified
Q48: For any given tax, the revenue generated
Q52: Imposing taxes in markets where demand and
Q53: An example of a lump-sum tax is
Q54: A new toll of $0.50 per car
Q54: Lump-sum taxes reduce the total amount of
Q56: The administrative burden of a tax is:
A)
Q57: In the real world,lump-sum taxes are:
A) rarely
Q58: The logistical costs associated with implementing a
Q59: To calculate tax revenue:
A) divide total revenues
Q60: The administrative burden of taxes is:
A) smallest
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