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Author Question: A significant portion of the increase in state tax revenues from 1950 to 1970 was because _____. ... (Read 37 times)

BrownTown3

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on: Jul 1, 2018
A significant portion of the increase in state tax revenues from 1950 to 1970 was because _____.
 
  a. of high inflation
  b. of increased economic growth due to the Korean conflict
  c. many states adopted new tax bases they had previously not taxed
   d. increased property tax rates

Question 2

Let the production function be q=ALaKb. The function exhibits constant returns to scale if
 
  A) a + b = 1.
  B) a + b > 1.
  C) a + b < 1.
  D) Cannot be determined with the information given.


jojobee318

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

A


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