Concerning tax rates and growth, 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.
Ans: C. Countries with low marginal tax rates have generally had higher rates of economic growth than those with high tax rates.
You might also like to view...
Which of the following is foreign portfolio investment sometimes called?
A. Hot investment B. Quick sale C. Hot money D. Wasteful investment
During expansions,
a. sales fall, but profits rise. b. sales and profits rise. c. sales and profits fall. d. sales rise, but profits fall.
Inflation is a measure of the ________ of prices; the CPI is a measure of the ________ of prices.
A. current level; rate of change in the level B. base year's level; index C. rate of change in the level; current level D. index; base year's level
An increase in the price of product B leads to an increase in the demand for product C. This indicates that products B and C are
A. normal goods. B. inferior goods. C. complementary goods. D. substitute goods.