A tax system with little deadweight loss and a small administrative burden would be described as
A)equitable.
B)communistic.
C)capitalistic.
D)efficient.

Question

Quizplus · Accepted Answer

A tax system with little deadweight loss (the loss in economic efficiency that occurs when the market equilibrium is not achieved due to taxes) and a small administrative burden (the cost of enforcing and complying with tax laws) is considered efficient. This means that the tax system is not causing significant economic distortions or requiring excessive resources to administer, making it an efficient way to collect revenue for the government.

A Tax System with Little Deadweight Loss and a Small