The correct answer is D.
The Laffer Curve represents the relationship between the tax rate and the total tax revenues collected by the economic authorities. It illustrates the incidence of the taxable income elasticity, the sensitiveness of the income earned by the economic agents on which the tax is applied, to variations in the tax rate.
A laffer curve is represented in the graph attached. Tax collection is 0 for 0% and 100% rates. Between these two values, the function will have an increasing section, a maximum and a decreasing section. Its maximum consitutes the tax rate that maximizes the total tax collection.
The Laffer Curve depicts that changes in the tax rate have an impact on tax revenues. It indicates that there's an optimal tax rate that maximizes tax revenue, as both 0% and 100% tax rates would result in no revenue.
The Laffer Curve is a theory in economics that suggests there is an optimal tax rate which maximizes tax revenue. The curve predicts the effect of changes in the tax rate on tax revenues. It suggests that increase in the tax rate beyond a certain point will be counterproductive for raising further tax revenue.
For Example, If the tax rate is 0%, the government would earn no tax revenue. Similarly, if the tax rate is 100%, the government would also earn no tax revenue since there would be no incentive to work. Therefore, the Laffer Curve suggests that there is an optimal tax rate between 0% and 100% which will generate maximum tax revenue for the government.
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Explored a body of water he called the rio del espiritu santo alonso alvarez de Alonso del Castillo Maldonado.
Explanation:
Out of the last four survivors who could manage to escape from their abduction done by the native Americans, Alonso del Castillo Maldonado was one.
He is regarded by some as the true discoverer of America. During his years on the expedition carried out to explore the region which is in today's date the southwest part of the United States, he actually lived with some Native American tribes for two long years.
b. lifestyle
c. occupation
d. career
Your lifestyle is the way you use your time, energy, and resources. Thus, the correct option is B). Lifestyle.
Life style refers to the way in which a person lives. It is the interest, behavior of an individual, group, or a culture. Any habit, attitudes, economic level, moral standards, possessions that together constitute the mode of living of an individual.
A healthylifestyle refers to the way of living of an individual or a group that makes them feel happy and good. It could be different from one person to another. basically, lifestyle of all people are different from other people. For example- walking four to five mile in a day can be a healthylifestyle of one person while other can have the habit of eating fast food.
Basically, lifestyle is the way of living that includes the attitudes, moral, habit etc.
Learn more about lifestyle here:-
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the answer is B just did the test
b. a severe shortage of those essential commodities.
c. an increase in the price of those items, thus alleviating shortages.
d. new efforts to increase production of those commodities.
e. minor inconvenience as persons adjusted to the new law.
Answer:
b. a severe shortage of those essential commodities.
Explanation:
During the American Revolution, the Pennsylvania legislature enacted price controls on essential commodities. The result of this legislation was a severe shortage of those essential commodities.
Pennsylvania enacted price control on some goods to raise revenue during the American Revolution, the result of this policy led to a scarcity of the affected commodities.
a. true
b. false