The Laffer Curve Is Based Upon the Idea That

question 278

Multiple Choice

The Laffer curve is based upon the idea that

• A)the higher the tax rate the greater the tax receipts.
• B)high tax rates may yield less tax revenue than lower tax rates.
• C)the lower the tax rate the greater the tax receipts.
• D)income taxes are inefficient because tax reform has made it more difficult to legally avoid taxation.
• E)Income taxes are a poor source of federal tax revenuE.

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Definitions:

Deactivator

A chemical compound or group that decreases the reactivity of an atom or a formation within a molecule, often used in reference to aromatic substitution reactions.

O,p-director

A term describing substituents on an aromatic ring that direct incoming substituents to the ortho and para positions in electrophilic aromatic substitution reactions.

Strongest Activating Group

A substituent that increases the reactivity of an aromatic ring toward electrophilic aromatic substitution reactions the most.

Electrophilic Aromatic Substitution

A reaction where an electrophile replaces a hydrogen atom in an aromatic ring, a common mechanism in aromatic chemistry.