This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Supply-Side TheoryTax Rate (%)Tax Revenue ($)025100035170060130070851000100The table contains data ... (Read 146 times)

majortom123

  • Full Member
  • ***
  • Posts: 159
on: Nov 23, 2022

Question 1

Supply-Side Theory


Tax Rate (%)Tax Revenue ($)
0​
25​500​
35​1500​
50​​
70​1100​
80​500​
100​

The table contains data for a typical Laffer curve. At a tax rate of 50%, the tax revenue will definitely be ________.
◦ greater than $1100
◦ greater than $1500
◦ $1300
◦ between $1500and $1100

Question 2

Supply-Side Theory


Tax Rate (%)Tax Revenue ($)
0​
25​1000​
35​1700​
60​1300​
70​​
85​1000​
100​

The table contains data for a typical Laffer curve. At a tax rate of 70%, the tax revenue will definitely be ________.
◦ $1150
◦ between 1000 and 1300
◦ less than $1000
◦ greater than $1300
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by majortom123 on Nov 23, 2022

lhn821

  • Full Member
  • ***
  • Posts: 168
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


majortom123

  • Member
  • Posts: 159
Reply 2 on: Nov 23, 2022
Gracias!

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

A health history is essential in collecting subjective data about metabolic acidosis. A health history is essential in collecting subjective data about metabolic acidosis.
A View of the Left Side of the Brain A View of the Left Side of the Brain
Determining the order and rate constant of an irreversible first-order reaction Determining the order and rate constant of an irreversible first-order reaction
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library