Which of the following is likely to happen if the government lowers tax rates?

Which of following groups of countries are all advanced economies?

A) Australia, Brazil, and the United States B) Hong Kong, Japan, France, and the United Kingdom C) Italy, the United States, China, and Russia D) Singapore, Russia, France, and Chad E) Mexico, Canada, Germany, and Egypt

A retailer X that is operating at a loss gets bought out by a larger chain of department stores, which shuts down the brand, using its assets for their own brand,

a. Wealth is destroyed since the company shut down b. Wealth is created since the resources were of lesser value under the X brand and are now worth more c. Wealth is neither created nor destroyed since the total amount of resources stay the same d. None of the above