This topic contains a solution. Click here to go to the answer

Author Question: If an increase in marginal tax rates leads to an increase in tax revenues, then a. the Laffer ... (Read 129 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
If an increase in marginal tax rates leads to an increase in tax revenues, then
 
  a. the Laffer curve model of tax revenue is refuted.
  b. supply-side economics is refuted.
  c. the economy could be below the tax revenue maximizing tax rate.
  d. we could be on the upward sloping portion of the Laffer curve.

Question 2

When the English pound appreciated against a colonial currency, this signaled
 
  (a) that colonists needed more colonial currency to buy an English pound.
  (b) that colonists needed less colonial currency to buy an English pound.
  (c) that colonists needed more colonial and Spanish currency to buy an
  English pound.
  (d) nothing of economic importance.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kxciann

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

D

Answer to Question 2

(a)




Awilson837

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library