One consequence of raising tax rates is that it
a. provides an added incentive to work
b. provides less incentive to participate in the underground economy
c. always increases total tax revenues
d. leads to less underreporting of income
e. leads to more underreporting of income
E
Economics
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When was the last year the United States had a budget surplus?
A) 2001 B) 1993 C) 2014 D) 1984
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Monopolistic firms that practice international dumping:
a. suffer losses on their sales in foreign markets. b. suffer losses on their sales in domestic markets. c. maximize their monopoly profits. d. are subject to antidumping taxes in their home countries.
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