According to the Laffer Curve, If the Economy Is on the Positively

question 137

Multiple Choice

According to the Laffer curve, if the economy is on the positively sloped section of the curve, then

• A) both an increase and a decrease in tax rates will increase tax revenue.
• B) a decrease in the tax rate will increase tax revenue.
• C) an increase in the tax rate will increase tax revenue.
• D) both an increase and a decrease in tax rates will decrease tax revenues.

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Definitions:

Absenteeism

The frequent absence of an employee from work which goes beyond normal or expected levels, often without good reason.

Worker Safety

Practices and policies in place to protect employees from hazards in their workplace.

Social Needs

Fundamental human needs for belonging, love, and affection that drive personal and societal behavior.

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions.