In the above figure, if the tax rate is increased from 20 percent to 30 percent, tax revenue
A) decreases.
B) is constant.
C) increases.
D) may increase or decrease.
C
Economics
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Technological advance is shown as a(n):
A. movement from a point inside a production possibilities curve to a point on the curve. B. movement along a production possibilities curve. C. outward shift of a production possibilities curve. D. inward shift of a production possibilities curve.
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