According to the Laffer curve, we know with certainty that an increase in the tax rate will
A. cause tax revenue to increase.
B. cause tax revenue to increase, decrease, or remain unchanged.
C. have no effect on tax revenue.
D. cause tax revenue to decrease.
Answer: B
Economics
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An oligopoly market structure is characterized by firms closely watching their rivals' pricing policies
a. True b. False Indicate whether the statement is true or false
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A free market may produce a misallocation of resources over time because
a. the Fed manipulates interest rates. b. people have a "defective telescopic faculty." c. private risk usually exceeds social risk. d. All of the above are correct.
Economics