The Laffer curve illustrates the relationship between
a. supply and demand.
b. tax rates and tax revenues.
c. opportunity cost and inflation.
d. tax liability and taxable income.
B
Economics
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Special interests are _____ on political issues where they may receive concentrated benefits
a. stable b. cyclical c. rationally ignorant d. not rationally ignorant
Economics
A country is likely to have a comparative advantage in a capital-intensive activity if it has a:
A. lot of land relative to its population. B. large amount of capital relative to its landmass. C. higher opportunity cost of producing technology. D. higher amount of labor relative to its population.
Economics