Question
The argument for reduction in the rate of taxation to promote economic activity rests on the following premises:
1. Lower taxes increase the amount of savings
2. Moderate taxes lead to lower prices
3. It promotes consumption
4. It increases government's revenue.
1. Lower taxes increase the amount of savings
2. Moderate taxes lead to lower prices
3. It promotes consumption
4. It increases government's revenue.
Answer: Option D
:
D
(d)
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:
D
(d)
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