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Author Question: Which of the following statements is TRUE of static tax analysis? A) A government receives lower ... (Read 44 times)

Kikoku

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on: Jun 29, 2018
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


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Ptupou85

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Kikoku

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

apple

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Reply 3 on: Yesterday
Wow, this really help

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