Economist C believes that if tax rates are cut, tax revenue is likely to remain constant. This economist most likely believes that the percentage decrease in tax rates will ______________________________ percentage rise in the tax base
A) be larger than the resulting
B) be equal to the resulting
C) be smaller than the resulting
D) occur long after the
E) a and d
B
Economics
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The value of a dollar
A) is its face value. B) is set by the government. C) is its purchasing power. D) remains constant over time.
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The other name for the National Labor Relations Act of 1935 is
A) the Wagner Act. B) the Taft-Hartley Act. C) the Clayton Act. D) the Wheeler-Lea Act.
Economics
An efficient allocation of resources requires each product's price to equal its marginal cost
a. True b. False Indicate whether the statement is true or false
Economics
The cost a business faces when changing prices in response to an economic shock is called
What will be an ideal response?
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