The Table Given Below Shows the Absolute Tax Amounts Under

question 40

Multiple Choice

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2

-"Most textiles worn by American consumers are produced in Asian and South American countries where the opportunity costs of production are lower." This observation refers to the:

• A)law of supply.
• B)income elasticity of demand.
• C)principle of beneficial tariffs.
• D)principle of comparative advantage.
• E)law of decreasing returns to scale.

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