The most efficient taxation system is a tax system that
A. is highly progressive.
B. maximizes tax revenues.
C. minimizes the total tax burden.
D. minimizes the overall excess burden.
Answer: D
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If a country's central bank does not intervene in the foreign exchange market, the country has
A) a crawling peg exchange rate policy. B) a fixed exchange rate policy. C) a flexible exchange rate policy. D) no exchange rate policy.
Taxes collected on the basis of the benefits-received principle
a. provide the states with their main sources of revenue b. tend to redistribute income from rich to poor c. collect the same total amount from each individual d. connect the revenue side of the budget with the spending side of the budget e. make it possible for government to spend money on activities that markets can't provide
In the United States, what percentage of smog comes from manufacturing sites?
a. 5 percent b. 15 percent c. 25 percent d. 40 percent e. 80 percent
When a price index moves from 105 to 108, the rate of inflation is 3 percent
a. True b. False Indicate whether the statement is true or false