Explain the concept of efficiency as it relates to taxation
A tax is said to be efficient if it has used every available opportunity to make someone better off without making someone else worse off. Taxes are almost always inefficient, but some taxes are more inefficient than others.
Economics
You might also like to view...
Both signaling and screening:
A. reduce efficiency in the market. B. are effective ways to increase information available to both parties. C. benefit the sellers but harm the buyers. D. benefit the buyers but harm the sellers.
Economics
The 1982 debt crisis was caused in part by
A. rising commodity prices. B. falling developing country exports and high real interest rates. C. falling world interest rates. D. a rapid increase in cheap imports from developing countries.
Economics