Which of the following is a characteristic of a more efficient tax system?
a. The system minimizes deadweight loss.
b. The system raises the same amount of revenue at a lower cost.
c. The system minimizes administrative burdens.
d. All of the above are correct.
d
You might also like to view...
If a monopolistically competitive seller's marginal cost is $3.56, the firm will increase its output if
A) its marginal revenue is less than $3.56. B) its marginal revenue is equal to $3.56. C) its marginal revenue is more than $3.56. D) average total cost is less than $3.56. E) Both answers A and D are correct.
If inflation in Mexico is lower than it is in the United States,
A) the purchasing power of the dollar in buying American goods will rise relative to the peso. B) the value of the peso will rise in the long run. C) the value of the dollar will rise in the long run. D) the purchasing power of the peso in buying Mexican goods will fall relative to the dollar.