Which of the following is incorrect?
A) Excessive property taxes could discourage construction and repair of buildings.
B) High income taxes can discourage general economic activity.
C) Raising the tax rate guarantees increased revenues.
D) To raise necessary revenue, a tax must not discourage too much of the activity that produces the income.
B
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What impact did the administration of President Franklin D. Roosevelt have on Texas politics?
a. A strong Republican Party emerged to battle his extreme left policies. b. Agricultural leaders gained more strength in the Democratic Party owing to increased farm subsidies. c. A philosophical split took place in the Democratic Party along liberal and conservative lines. d. The power of the Democratic Party was greatly enhanced as a result of increased unity.
The British government provided charters to various companies that gave them monopolies on trade in certain parts of the world. The government would also give these companies exclusive access to sell to their colonies. These companies would then share part of their revenue with the British government. This is an example of what economic theory?
A) Capitalism B) Fascism C) Marxism D) Mercantilism E) Protectionism