The one uncontroversial statement at the foundation of "supply-side" theory is that
A) cutting income tax rates raises the tax base by enough to increase tax revenues.
B) income taxes reduce the after-tax reward to work and saving.
C) reducing income taxes would significantly increase work effort.
D) reducing income taxes would significantly increase personal saving.
B
Economics
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Which of the following algebraic forms for a demand curve yields an isoelastic demand curve?
A) Q = a - b log(P) + c log(I) B) Q = a - bP + cI C) log(Q) = a - b log(P) + c log(I) D) log(Q) = bP + cI
Economics
If the interest rate is 5% then the net present value of these cash flows is
a. $6,020.41 b. $7,380.95 c. -$7,380.95 d. $10,000
Economics