Question 1 is the assumption of self-interested behaviour, Ask an Expert

Finance

Question: 1. Is the assumption of self-interested behaviour on the part of individuals to be taken literally, or treated as a useful approximation? If the latter, how would you decide whether it is useful or not?

2. Discuss the relevance of the idea behind the Laffer curve - namely, that beyond a certain tax rate revenue will fall as the tax rate rises - to the design of sales taxes, income taxes, or property taxes.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92313937

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