Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets.A 10,000 percent tax on bullet ___ is not/is___ likely to generate a lot of revenue.Why might Senator Moynihan have proposed it?To boost the manufacturing industry of hollow-tipped bulletsTo raise revenue to support law enforcementTo discourage the use of hollow-tipped bullets Daniel Patrick Moynihan, the late senator from New York, once introduced a bil thet would levy a 10,000 percent tax on certain hollow-tipped bulets.A 10,000 percent tax on bulletslikely to generate a lot of revenue.Why might Senator Moynihan have proposed it?To boost the manufecturing industry of hollew-tipped bulletsO To raise revenue to support law enforcementO To discourage the use of hollow-tipped bullets

A 10,000 percent tax on bullet will not likely to generate a lot of revenue. The reason is as the…

Answered: Daniel Patrick Moynihan, the late…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Application: The Cost Of Taxation

Section: Chapter Questions

Problem 6PA

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Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets.

A 10,000 percent tax on bullet ___ is not/is___ likely to generate a lot of revenue.

Why might Senator Moynihan have proposed it?

To boost the manufacturing industry of hollow-tipped bullets
To raise revenue to support law enforcement
To discourage the use of hollow-tipped bullets

Daniel Patrick Moynihan, the late senator from New York, once introduced a bil thet would levy a 10,000 percent tax on certain hollow-tipped bulets.
A 10,000 percent tax on bullets
likely to generate a lot of revenue.
Why might Senator Moynihan have proposed it?
To boost the manufecturing industry of hollew-tipped bullets
O To raise revenue to support law enforcement
O To discourage the use of hollow-tipped bullets

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