Question: A tax is efficient if it imposes _ _ _ _ _ _ _ _ _ _ relative to the tax revenue it raises. a

A tax is efficient if it imposes__________ relative to the tax revenue it raises.
a large excess burden
a small excess burden
a large deadweight loss
No taxes improve efficiency

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!