Question

Raising taxes and increasing welfare payments a. proves that there is such a thing as a free lunch. b. reduces market power. c. improves efficiency at the expense of equality. d. improves equality at the expense of efficiency.

Answer 1

Answer: Option(d) is correct

Explanation:

According to the question, increasing taxes along with increasing amount given to poor ,ill or other severe-conditioned people by government can impact the people by increment in equality state at the cost of efficiency. Efficiency of society will be at hold while equality through providing payment ,service and health care is raised in this situation.

Other options are incorrect because free lunch, reduction in power of market and increment in efficient at cost of equality will not take place if taxes are raised with pay of welfare.Thus, the correct option is option(d).

Answer 2

d. improves equality at the expense of efficiency

• A tax is a governmental organization's mandatory financial charge or other sort of levy placed on a taxpayer to fund government spending and related public expenses.
• Welfare refers to government-sponsored assistance programs for low-income individuals and families, such as health care, food stamps, and unemployment benefits.
• Raising taxes and increasing welfare payments d. improves equality at the expense of efficiency

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