Which of the following reduces U.S.potential for economic growth by reducing household incentive to use private property most efficiently and effectively?
A) Personal income taxes
B) Farm subsidies and import tariffs
C) Auto bailouts
D) Regulation in the health care industry

Question

Quizplus · Accepted Answer

Personal income taxes reduce the incentive for households to work and invest, which reduces the potential for economic growth as private property is not used as efficiently and effectively as possible. Farm subsidies and import tariffs, auto bailouts, and regulations in the health care industry may also affect economic growth, but personal income taxes have a more direct impact on the use of private property by households.

Which of the Following Reduces U