If the Size of a Tax Increases, Tax Revenue

question 187

Multiple Choice

If the size of a tax increases, tax revenue

• A)increases.
• B)decreases.
• C)remains the same.
• D)may increase, decrease, or remain the same.

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Definitions:

Over-the-Counter Market

A decentralized market where participants trade stocks, bonds, currencies, and other financial instruments directly between two parties without a central exchange or broker.

New York Stock Exchange

A major global securities exchange located in New York City, where stocks are bought and sold.

Publicly Traded

Describes a company whose shares are available for purchase by the general public on stock exchanges, offering greater liquidity and transparency.

Maturity Date

The final payment date of a loan or other financial instrument, at which point the principal (and all remaining interest) is due to be paid.