At tax rates higher than the tax rate that maximizes tax revenues along a Laffer curve
A) an increase in tax rates increases tax revenues.
B) any variation in tax rates has no effect on tax revenues.
C) a reduction in tax rates increases tax revenues.
D) a reduction in tax rates reduces tax revenues.
C
Economics
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Economic profits in a competitive industry are signals that
a. attract new firms into the industry b. prevent firms from adopting newer technologies c. encourage existing firms to continue to operate inefficiently d. indicate that business conditions are improving e. cause the industry's resources to be used in lower valued uses
Economics
Bonds that are rated in the D category are of higher quality than bonds that are rated in the A category.
Answer the following statement true (T) or false (F)
Economics