Multiple Choice
Which of the following is true?
A) Marginal tax rates that take a large share of income will enhance the incentive of individuals to invest and engage in productive activities.
B) High tax rates will tend to drive investment funds and highly productive citizens to other countries where tax rates are lower.
C) As marginal tax rates increase, individuals get to keep a larger share of their earnings.
D) Countries can gain by imposing higher tariffs and other barriers that will restrain international trade.
Correct Answer:
Verified
Correct Answer:
Verified
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