High tax rates tend to:
A)promote economic development.
B) make a nation's currency tradable.
C)discourage entrepreneurship.
D)reduce the amount of money created by the government.

Question

Quizplus · Accepted Answer

High tax rates can deter individuals from starting businesses or taking risks, as they have less disposable income to invest. This can lead to a decrease in entrepreneurship and innovation, thereby hindering economic development.

High Tax Rates Tend To