According to dynamic tax analysis, will continuing to push up the tax lead to steady increases in ...

According to dynamic tax analysis, will continuing to push up the tax lead to steady increases in tax revenues? Why?
 
  What will be an ideal response?

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Ques. 2

The U.S. legal system mainly engages in activities that
 
  A) are dedicated to producing private goods.
  B) focus on income redistribution.
  C) involve defining and protecting property rights.
  D) focus on producing public goods.

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Ques. 3

Assume that in the economy real GDP grows at a constant rate. There has just been a decrease in the rate of growth of the population. This implies that the
 
  A) rate of growth of per capita real GDP will decrease.
  B) rate of growth of per capita real GDP will increase.
  C) rate of growth of capital accumulation will decrease.
  D) rate of growth of capital accumulation will increase.

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Ques. 4

Which of the following will cause the demand curve for cable TV services to shift to the left?
 
  A) a rise in the price of cable TV services
  B) a decrease in average incomes of cable TV subscribers
  C) an increase in population
  D) the creation of several hit TV series

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Ques. 5

If Verizon Wireless and T-mobile, another wireless service company, were to merge, this would represent
 
  A) a vertical merger.
  B) a horizontal merger.
  C) a cartel.
  D) an up-and-down merger.

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Ques. 6

What is economic growth and why are growth rates so important?
 
  What will be an ideal response?

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Ques. 7

A point inside a production possibilities curve indicates
 
  A) resources are not being used efficiently.
  B) resources are being used very efficiently.
  C) opportunity costs are constant.
  D) an output combination that is unobtainable with the current resource and technology levels