Asked by beyonce logan on May 12, 2024
Verified
A tax system with little deadweight loss and a small administrative burden would be described as
A) efficient.
B) equitable.
C) communistic.
D) capitalistic.
Deadweight Loss
A reduction in economic productivity that arises when a good or service does not reach or cannot reach its market equilibrium.
Administrative Burden
The administrative and regulatory obligations that organizations must follow, often involving substantial paperwork and compliance efforts.
Tax System
The structured method by which governments impose financial charges on citizens, businesses, and property to fund public expenditures.
- Acquire knowledge on the foundational principles of tax efficiency and the contributing factors to a well-functioning tax system.
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Learning Objectives
- Acquire knowledge on the foundational principles of tax efficiency and the contributing factors to a well-functioning tax system.
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