Recall the Application About the Relationship Between Tax Rates and Tax

question 45

Multiple Choice

Recall the Application about the relationship between tax rates and tax revenues which was proposed by
Yu Juo, one of the twelve wise men who succeeded Confucius in ancient China, to answer the following question(s) .
-According to this Application, Yu Juo proposed that the Chinese government should _______ the tax rate in the case of a famine if the government had insufficient funds, and this would _______ the standard of living.

• A)increase; increase
• B)cut; increase
• C)cut; decrease
• D)increase; decrease

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Definitions:

Sales Laws

Regulations governing the sale of goods and services, including terms of contracts, warranties, and consumer protections.

Executive Branch

The division of a government responsible for implementing and enforcing laws, typically led by the President or Prime Minister.

Two-Thirds

A fraction representing the division of something into three equal parts, with two of those parts being the focus.

Ordinances

Local laws or regulations enacted by municipalities or other local governing bodies.