A Curve Showing the Relationship Between Tax Rates and Tax

question 116

Multiple Choice

A curve showing the relationship between tax rates and tax revenues is called a __________ curve.

• A) Phillips
• B) Keynesian
• C) Gaussian
• D) Laffer

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Definitions:

Clone

The process of creating an exact replica of an organism, tissue, cell, or gene, often used in scientific research.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.

Number Of Consumers

The total count of individuals in the market willing to purchase a particular good or service.

Clone

In biotechnology, it refers to an organism, cell, or piece of genetic material that is genetically identical to the one from which it was derived; in computing, it describes a replica or copy of a product, software, or hardware.