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According to the Laffer Curve, lower tax rates might lead to increased economic activity and, consequently, higher overall tax revenue. The theory posits that when tax rates are reduced, individuals and businesses are incentivized to work more, invest, and spend, which can expand the tax base. This effect can ultimately result in greater tax revenues, despite the lower rates, if the economy grows sufficiently. However, the actual outcome depends on various factors, including the existing tax rate and the specific economic context.

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2d ago

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Why might a person look for the cheapest checks?

Consumers interested in cheap checks often its because they don't use checks often enough to warrant the over paying of check purchasing. These consumers prefer lower pricing.


Are there limits to how much cash you can take out at one time from your personal banking account?

The limit that you can withdraw from an account might vary from bank to bank, and certain accounts may even have higher limits. The average you can withdraw per day varies from $500-$2000 USD, but you might have higher or lower withdrawal limits. If you need more cash the best thing to do is to walk into a bank with your ID and account numbers available.


How can you use technical knowledge in correcting your balance sheet?

To use technical knowledge in correcting a balance sheet, the balance sheet is compared to past balance sheets. For example, in comparing liabilities, a total might be grossly higher or lower than in the past. This will notify the auditor that a miscalculation could have occurred in the liabilities section.


What is a contra payment?

A contra payment occurs where you owe money to someone, but they also owe money to you, therefore the debt of the person owing the lower amount is cancelled, the other only needs to pay the difference, and it all comes out even. In accounting software you might set up a "contra account" to be able to handle such a transaction.


Who might use a database?

business man/women might use it so they can manage there paper work shop keepers might you it to organize there work and the profit and loss

Related Questions

What is the best curve for junior hockey sticks?

The best curve for me might not be the best curve for you. It's about personal preference.


What are the factors that can skew a grading curve?

Several factors can skew a grading curve, including the difficulty of the exam or assignment, the distribution of student performance, and the grading policies in place. If an exam is particularly challenging, it may lead to lower overall scores, resulting in a more generous curve. Conversely, if the majority of students perform exceptionally well, the curve might be tightened, potentially disadvantaging those who performed adequately. Additionally, biases in grading or the instructor's expectations can also impact how the curve is applied.


What information might you get from stress-strain curve?

As a simple answer, from this curve the mechanical properties of the material can be found such as: Elasticity Modulus (E) which is the proportion of Stress to the Strain, the higher value means under a fixed value pressure the material oppose more to deflect. Reversely, the lower value shows that the material is more flexible. Other information such as Yield Strength, Ultimate Tensile Strength and also from the area below this curve the material toughness can be obtained.


What might happen if you understeer going around a curve?

You may go off the road.


Under perfect competition is average revenue curve elastic or inelastic?

Under Perfect Competition the demand curve is perfectly elastic. I don't know if that helps but it might


Fastest curve ball ever recorded?

Who Knows. An effective curve is 70's to low 80's. Any faster and you might as well throw a slurve or slider.


How much does it cost to become a member of curve?

This has nothing to do with Runescape you might want to change your catagories


Why reduce speed to maneuver a curve?

If you go too fast, the vehicle can slip, especially if there is ice, loose soil, etc.; also, you might lose control over the vehicle. And if you take a tight curve very quickly, the car might even fall over to one side.


What are 2 examples of fractals?

I am a kid, so I might not nail it, but some examples are the dragon curve and julia set.


What are the disadvantages of cubic spline interpolation?

Derviative of function is also important.So it does not guarantee a desired curve,which might have bumps.


What happens to the supply curve if the government regulations are increased or tightned?

If those regulations encompass higher transaction costs, then you might expect the supply curve to decrease, but it all depends on what kind of market we're talking about.


What might happen to aggregate supply curve if there was a significant increase in the cost of foreign oil?

The aggregate supply curve shifts to the left as the price of key inputs rises, making a combination of lower output, higher unemployment, and higher inflation possible. When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.

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