According to the theory of supply-side economics, a cut in the tax rate will actually result in an increase rather than a decrease in tax revenues. Which statement best explains how this is supposed to happen?
a. Lower tax rates encourage greater investment, leading to economic growth that contributes to a higher tax base.
b. High tax rates stimulate government spending, which overheats the economy and brings on an economic downturn.
c. High tax rates give the government too much ability to pass and enforce regulations that are burdensome on the private sector.
d. Lower tax rates reduce bureaucratic intervention in the economy, allowing both consumers and producers to keep more of their own money.
a
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Which form of federalism predominated in the United States from its founding until the end of the Civil War?
a. state-centered b. centralized c. competitive d. cooperative
What were the perceived abuses of the administration of Governor E. J. Davis, and how has this administration affected policy choices that have been made, and are still being made, in Texas?
What will be an ideal response?