According to the Laffer curve, as tax rates increase, tax revenues

A. rise continuously.
B. decrease continuously.
C. initially increase and then decrease.
D. initially decrease and then increase.


Answer: C

Economics

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Suppose someone offered to give you $1,000,000 five years in the future and the anticipated interest rate is 5 percent. The present value of this offer would be worth approximately

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In order to not face tradeoffs, scarcity would have to be eliminated

a. True b. False Indicate whether the statement is true or false

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Economics