A tax is efficient if it imposes a small excess burden relative to the tax revenue it raises.
Correct Answer:
Verified
Q137: A tax is efficient if
A)individuals with the
Q138: Table 18-9 Q139: According to the horizontal-equity principle of taxation, Q140: According to projections for 2017 by the Q141: The actual division of the burden of Q143: According to the benefits-received principle, those who Q144: What is the difference between a marginal Q145: Describe each of the principles governments consider Q146: Many state governments use lotteries to raise Q147: Horizontal equity is achieved when taxes are
A)individuals
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents