An efficient tax is

Name: An efficient tax is
Brand: Quizplus
Rating: 4.9 (59 reviews)

Question

An efficient tax is

Quizplus · Accepted Answer

An efficient tax is a tax that imposes a small excess burden relative to the tax revenue that it raises. This means that the cost of collecting the tax and any negative economic effects it has on the market are as low as possible relative to the revenue it generates. This type of tax is considered efficient because it minimizes the negative impact on the economy while still raising needed revenue for public goods and services.

An Efficient Tax Is