The most efficient tax possible is a
a. marginal income tax.
b. lump-sum tax.
c. consumption tax.
d. corporate profit tax.
b
Economics
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According to Tobin's q theory, when equity prices are high the market price of existing capital is ________ relative to new capital, so expenditure on fixed investment is ________
A) cheap; low B) dear; low C) cheap; high D) dear; high
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Road pricing will improve the allocation of resources to transportation
Indicate whether the statement is true or false
Economics