Recall the Application about the relationship between tax rates and tax revenues which was proposed by
Yu Juo, one of the twelve wise men who succeeded Confucius in ancient China, to answer the following question(s).
-According to this Application, Yu Juo proposed that the Chinese government should _______ the tax rate in the case of a famine if the government had insufficient funds, and this would _______ the standard of living.

Question

Quizplus · Accepted Answer

Yu Juo suggested that cutting the tax rate during a famine would increase the standard of living by allowing people to retain more of their income, thereby stimulating economic activity and potentially increasing overall tax revenue.

Recall the Application About the Relationship Between Tax Rates and Tax