Multiple Choice
Which statement is TRUE?
A) Tax revenues are maximized when the tax rate is 100%.
B) Not knowing the economy's position on the Laffer curve means the effects of lowering tax rates are uncertain.
C) Low marginal tax rates have disincentive effects on work effort.
D) High marginal tax rates increase incentives to work.
Correct Answer:
Verified
Correct Answer:
Verified
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