Refer to the Following Figure to Answer the Following Questions

question 118

Multiple Choice

Refer to the following figure to answer the following questions.
-According to the figure,which point(s) would see tax revenues increase if the tax rate decreased?

• A) only A
• B) only B
• C) only C
• D) A and C
• E) B and C

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Definitions:

Locus of Responsibility

Refers to the perception of where responsibility lies, whether within oneself or externally, for one's actions or life circumstances.

Northern European American

Refers to people in the United States who are descendants of immigrants from Northern Europe or identify with cultures from that region.

Race

Biological group differences that derive from an isolated inbreeding population with a distinctive genetic heritage.

Social Implications

The effects or consequences that an action or policy may have on society or a specific segment of the community.