Which of the Following Statements Do Economists Generally Disagree On

question 241

Multiple Choice

Which of the following statements do economists generally disagree on?

• A) No tax revenues would be collected when average tax rates are 0%.
• B) No tax revenues would be collected when average tax rates are 100%.
• C) At very high average tax rates, increasing tax rates further would decrease tax revenues.
• D) At an average tax rate of 50%, tax revenues are maximized for a government.

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Definitions:

Fitness Cost

A negative effect on the reproductive success of an individual, often resulting from a particular trait or behavior.

Average Fitness Payoff

A concept in evolutionary biology referring to the expected reproductive success of an organism from following a certain strategy or behavior.

Thief Phenotype

The thief phenotype describes individuals or organisms that steal resources or mates from others as an alternative reproductive strategy.

Population

A group of individuals of the same species living in the same geographic area, capable of interbreeding and creating offspring.