In what type of analysis could an increase in the tax rate lead to a decrease in tax revenues?

A) ad valorem taxation
B) excise taxation
C) dynamic tax analysis
D) static tax analysis

Answer: C

Economics

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The government sets a price floor for corn which is above the equilibrium price of corn. As a result, ________

A) the corn market will be efficient B) a deadweight loss will be created C) a shortage of corn will be created D) none of the above answers is correct

Economics

Economists use the term "marginal" to describe costs and benefits:

a. that are poorly defined. b. that are incremental and thus relevant to decision making. c. that are minimal and hardly worth noting. d. that are noteworthy but not the most important. e. whose importance can be minimized through hard work.

Economics