If the Government's Net Tax Rate Increases, Then for a Given

question 23

Multiple Choice

If the government's net tax rate increases, then for a given level of national income disposable income will but net tax revenue will .

• A)decrease; increase
• B)decrease; decrease
• C)not change; increase
• D)increase; increase
• E)increase; decrease

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Definitions:

Hemocoel

A primary body cavity of most invertebrates, containing circulatory fluid instead of blood and distinguished by the lack of a true coelom.

Hemolymph

The fluid equivalent to blood found in most invertebrates, which occupies the interior cavity of the body and directly bathes the internal organs.

Open Circulatory System

A type of circulatory system in which the circulating fluid (hemolymph) is not entirely contained within blood vessels but bathes the internal organs directly in an open body cavity (hemocoel).

Arthropods

A large group of invertebrate animals characterized by their segmented bodies, exoskeleton, and jointed limbs, including insects, arachnids, and crustaceans.