Multiple Choice
When a country is on the downward-sloping side of the Laffer curves, a cut in the tax rate will
A) decrease tax revenue and decrease the deadweight loss.
B) decrease tax revenue and increase the deadweight loss.
C) increase tax revenue and decrease the deadweight loss.
D) increase tax revenue and increase the deadweight loss.
Correct Answer:
Verified
Correct Answer:
Verified
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