If Tax Reduction and Simplification Are Effective, Then

question 96

Multiple Choice

If tax reduction and simplification are effective, then:

• A)labour supply decreases.
• B)saving increases.
• C)investment decreases.
• D)fewer new firms are formed.

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Definitions:

Excellence

The quality of being outstanding or extremely good in some respect, often achieved through hard work and dedication.

Virtuous Activity

Engaging in actions that are in accordance with moral and ethical principles, often leading to personal and communal well-being.

Flourishing

pertains to achieving an optimal state of well-being, involving the realization of an individual's potential and the attainment of meaningful goals.

Golden Mean

The desirable middle ground or moderate path between two extremes, especially in Aristotle's ethical philosophy.