Which of the following is true?
a. Tax rates do not influence economic growth.
b. Countries with high marginal tax rates have generally had higher rates of economic growth than those with low tax rates.
c. Countries with low marginal tax rates have generally had higher rates of economic growth than those with high tax rates.
d. Countries that impose high marginal tax rates at low-income thresholds generally have high rates of economic growth.
C
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Under fixed exchange rate, in general which one of the following statements is the MOST accurate?
A) The following condition should hold for domestic money market equilibrium: Ms/P = L(R , Y). B) The following condition should hold for domestic money market equilibrium: Md/P = L(R , Y). C) The following condition should hold for domestic money market equilibrium: Ms = L(R , Y). D) The following condition should hold for domestic money market equilibrium: P = L(R , Y). E) The following condition should hold for domestic money market equilibrium: R*Md/P = L(Y).
If a tax is efficient, it will necessarily be equitable.
A. True B. False C. Uncertain
All of the following are examples of nonprice rationing devices EXCEPT
A) price controls. B) queues. C) black markets. D) waiting lists.
The demand curve facing a firm shows the
a. maximum price the firm can charge and still sell any given amount of output b. minimum price the firm can charge and still sell any given amount of output c. minimum price at which the firm will demand any given quantity of output d. maximum price at which the firm will demand any given quantity of output e. minimum quantity of output the firm can sell at any given price