Consider the Laffer curve for a hypothetical good as displayed in the graph shown. 
Which of the following statements is correct? At a tax rate of 30 percent, the price effect outweighs the quantity effect.The efficient tax rate is 60 percent.At a tax rate of 80 percent, deadweight loss will increase if the tax rate is lowered.
Definitions:
Preventive Discipline
A proactive approach intending to guide employees in correcting behavior before it becomes a significant problem.
Progressive Discipline
A step-by-step disciplinary process that aims to correct employee misconduct with escalating consequences, intended to allow chances for improvement before severe actions are taken.
Corrective Discipline
A process aimed at correcting an employee's behavior or performance through structured and progressive penalties.
Workforce
The collective group of individuals who are engaged in work or are available for work, including both employees and the unemployed.
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