Recall the Application About the Relationship Between Tax Rates and Tax

question 123

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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