Atax meets the standard of efficiency if it generates enough revenue to pay for the public goods and services provided by the government.

a. true
b. false

(B) False.

Explanation:

There are other ways to measure the efficiency of a tax system. It is not to generate enough revenue to pay for the public goods and services provided by the government, but just to meet the primary needs of the society.

An efficient tax system must not be complicated, and easy to pay by all. There must be transparency as how the people pay and the tax money is spent by the government.

answer/// equals both average variable cost and average total cost at their respective minimums;

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