Economist Arthur Laffer made the argument that tax rates in the United States were so high that reducing the rates would increase tax revenue

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

What would be an example of consumption good?

A) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. B) The local driver's license office purchases a new digital camera and printer. C) Rhianna gets a haircut. D) Jake buys an iPhone. E) Donald Trump purchases furniture for his office.

Economics

Compare the problems in achieving growth in an advanced nation with those of a developing nation. Do these problems differ in degree or in kind? Explain.

What will be an ideal response?

Economics