Which of the following statements is TRUE of static tax analysis? ...

[Kikoku]

Which of the following statements is TRUE of static tax analysis?
 
  A) A government receives lower tax revenues by raising the tax rate.
  B) A government receives higher tax revenues by raising the tax rate.
  C) A government cannot change it tax revenues by changing the tax rate.
  D) A change in the tax rate can raise or lower tax revenues, depending on other factors.

Question 2

Which of the following statements about a price system is TRUE? I. Prices ration goods and services. II. Prices indicate relative scarcity.
 
  A) I only
  B) II only
  C) Both I and II
  D) Neither I nor II

[Ptupou85]

Answer to Question 1

B

Answer to Question 2

C

[Kikoku]

Wow, this really help

[kthug]

Thanks for the timely response, appreciate it