Supporters of supply side economics believe that
a. government should be used as a tool to increase demand for goods
b. demand for goods increases when prices rise
c. taxes have a strong negative influence on economic output
d. tax cuts have little impact on worker productivity
Ans: c. taxes have a strong negative influence on economic output
You might also like to view...
Pareto improvements occur
a. through the tax system b. rarely in the real world c. when the economy has reached the point of economic efficiency d. when market exchanges take place e. when consumers are not perfectly informed
Which of the following statements is true?
A) Corporations can issue stocks and bonds, while proprietorships cannot. B) Corporations have one owner, while proprietorships have many owners. C) Corporations face fewer taxes than do proprietorships. D) Proprietorships have limited liability while corporations have unlimited liability.