Static tax analysis assumes that
A. an increase in a tax rate will lead to an increase in the tax base.
B. an increase in a tax rate will leave the tax base unchanged.
C. the tax base will always remain unchanged.
D. an increase in a tax rate may lead to a decrease in the tax base.
Answer: B
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The classical model is based on the assumption that
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In a graph of the production possibilities curve, the two axes of the graph indicate the:
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Among the fundamental concepts in economics is
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