Which of the Following Statements Is True

question 8

Multiple Choice

Which of the following statements is true?

• A)Tax results in efficient market allocation.
• B)Super profits tax is the same as a royalty.
• C)The lower the tax for a firm the less is the firm's willingness to invest and take risks.
• D)Super profits tax would compensate the people of Australia for the value of the minerals extracted in mineral industries.

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Definitions:

Geographic Locations

Specific places or areas on Earth's surface identified by their physical and geographic characteristics.

Pandemic

An epidemic of an infectious disease that has spread across a large region, for instance multiple continents or worldwide, affecting a substantial number of people.

Epidemic

A widespread occurrence of an infectious disease within a community or region over a specific period.

Sick Role

The actions and attitudes that society expects from someone who is ill.