The Figure Given Below Depicts the Tax Revenue for Different

question 54

Multiple Choice

The figure given below depicts the tax revenue for different tax rates applied by the government.
Figure 11.2

-Refer to Figure 11.2. If the tax rate were 100 percent:

• A) tax revenue would be maximized.
• B) no one would be willing to work.
• C) there would be a strong incentive to work.
• D) tax revenue would be greater than if the tax rate were zero percent.
• E) tax revenue would be less than if the tax rate were zero percent.

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Definitions:

Phallic

Pertaining to the third stage of Freud's psychosexual development, focusing on the genital organs.

Fixation

In psychology, a persistent focus of the id’s libido on an earlier stage of development, preventing progress through Freud's psychosexual stages.

Psychosexual Stage

a concept in Freudian psychology that describes a series of stages of childhood development in which psychic energy is focused in different erogenous zones.

Oral

Pertaining to the mouth, including aspects related to speech, eating, and the initial stages of digestion.