If taxes are already high, the lower the marginal excess burden of any additional taxes will be

If property rights are not well enforced, all of the following are likely to occur except

A) a significant number of people will be willing to risk their funds by investing them in local businesses. B) economic efficiency will be reduced. C) an economy will produce inside its production possibilities frontier. D) fewer goods and services will be produced.

The payments to owners of capital include

a. interest and profits. b. debt and taxes. c. wages and salaries. d. expenses and bonuses. e. All of the above are correct.