Economist Arthur Laffer argued that Robin Hood and his men would
A)be more efficient if they confiscated only the possessions of every fifth traveler through Sherwood Forest.
B)manage the resources in Sherwood Forest better by establishing checkpoints for travelers entering and exiting.
C)collect more tax revenue if they collected only a relatively small tax from each traveler through Sherwood Forest.
D)be more equitable to travelers through Sherwood Forest if they took possessions only from those who could afford it.

Question

Quizplus · Accepted Answer

Arthur Laffer is known for the Laffer Curve, which suggests that there is an optimal tax rate that maximizes revenue without being too high to discourage economic activity. Thus, he would argue for collecting a smaller tax to maximize revenue.

Economist Arthur Laffer Argued That Robin Hood and His Men