The efficiency argument for tax smoothing is that tax-induced distortions are smallest when taxes are
A) levied on goods with highly elastic supply curves
B) levied on goods with highly elastic demand curves
C) not changed frequently
D) raised during recessions and lowered during booms
E) used to finance government consumption rather than infrastructure
Correct Answer:
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Q18: Which of the following is a justification
Q19: The problem with public goods is that
A)
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Q21: By the start of the 21st century,the
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A) interest
Q24: The next questions refer to the following.
Suppose
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A) Tax revenue
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Q28: Which of the following was not a
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