18 Lower corporate tax ratesO a) increase the incentives for corporations to undertake activities that generatemore profit.O b) will always decrease total tax revenues in the long run.decrease the incentives for corporations to undertake activities that generatemore profit.Od create incentives for individuals to work and produce less.create incentives for individuals to work harder and produce more.

Taxes are collected by the government in power. Taxes act as revenue for the government.

Lower corporate tax rates Oa) increase the incentives for corporations to undertake activities that generate more profit. O b) will always decrease total tax revenues in the long run. Og decrease the incentives for corporations to undertake activities that generate more profit. Od) create incentives for individuals to work and produce less. e) create incentives for individuals to work harder and produce more.

Lower corporate tax rates Oa) increase the incentives for corporations to undertake activities that generate more profit. O b) will always decrease total tax revenues in the long run. Og decrease the incentives for corporations to undertake activities that generate more profit. Od) create incentives for individuals to work and produce less. e) create incentives for individuals to work harder and produce more.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter8: Costs And The Supply Of Goods

Section: Chapter Questions

Problem 11CQ

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