Market orientated supply side policy makers believe all the following except that
A) higher tax rates increase the opportunity cost of leisure.
B) taxes need to be cut, as they are a disincentive to work.
C) welfare payments need to be cut, as they are a disincentive to work.
D) labour markets need to be more flexible to encourage firms to take on more workers.
Correct Answer:
Verified
Q23: Diagram 1 Q24: Policy makers who believe in the Laffer Q25: An example of deregulation is Q28: Privatization is when Q30: Raising the tax threshold serves to Q31: The Laffer curve shows the relationship between Q32: Raising thresholds at which people pay tax Q33: A cut in higher rate taxes has Q35: Which is illegal? Q37: Which is not an example of a
A)allowing different bus
A)the government deregulates markets.
B)the government
A)increase the
A)employment
A) Tax avoidance.
B) Tax evasion.
C)
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