To convey the point about supply-side economics, economist Arthur Laffer likened taxpayers to
A)the ancient Greeks and the government to the ancient Romans.
B)sea passengers on the Titanic and government to the icebergs.
C)western pioneers in the United States and government to railroads.
D)travelers through Sherwood Forest and the government to Robin Hood.

Question

Quizplus · Accepted Answer

Arthur Laffer used the analogy of travelers through Sherwood Forest and the government to Robin Hood to illustrate how excessive taxation can discourage economic activity, similar to how Robin Hood's actions would deter travelers.

To Convey the Point About Supply-Side Economics, Economist Arthur Laffer