The Idea That People Change Their Behavior in Response to Taxes

question 108

Multiple Choice

The idea that people change their behavior in response to taxes is

• A)uncontroversial among economists.
• B)highly controversial among economists.
• C)accepted by economists,but debated by those in Congress.
• D)None of these statements is true.

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Definitions:

Capitalism

An economic system based on private ownership of the means of production and the creation of goods or services for profit.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical analysis of capitalism and his theories about communism.

Demographic Transition

The process of change in a society's population from high birth and death rates to low birth and death rates, often associated with economic development.

Deaths

The termination of all biological functions that sustain a living organism.