The reduction of tax ? – McqOptions

MCQOPTIONS

1.	The reduction of tax ?
A.	will have no impact on tax revenue.
B.	will always reduce tax revenue regardless of the prior size of the tax
C.	could increase tax revenue if the tax had been extremely high
D.	causes a market to become less efficient
Answer» D. causes a market to become less efficient

Discussion

No Comment Found

Related MCQs

Which of the following taxes can be supported by the benefits principle of taxation ?
Which of the following would likely cause the greatest deadweight loss ?
Which of the following would shift the long-run Phillips curve to the right ?
Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?
When actual inflation exceeds expected inflation ?
When a tax on a good start small and is gradually increased tax revenue ?
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold than otherwise the tax has ?
The reduction of tax ?
The Phillips curve is an extension of the model of aggregate supply and aggregate demand because, in the short run, an increase in aggregate demand increase price and ?
The original Phillips curve illustrates ?