Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

What is Laffer curve

The Laffer curve is named after Professor Art Laffer who suggested that as taxes enhanced from fairly low levels, tax revenue received by the government would also enhance. Though, there would come a point as tax rates where people would not regard it as worth working so hard. This lack of incentives would lead to a fall in income and thus a fall in tax revenue. 

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9574971

Have any Question?


Related Questions in Microeconomics

Question 1develop plan to overcome barriers your plan

Question: 1. Develop plan to overcome barriers. Your plan should be clear and specific. Another person should be able to read your plan and replicate it. 2. Discuss with colleagues. 3. Describe the anticipated barriers t ...

Question write a thorough analysis of unemployment defining

Question: Write a thorough analysis of unemployment, defining the various types of unemployment, full employment, and the natural rate of unemployment. Describe the impact of unemployment on the economy and your solution ...

Question suppose that the cost function is given by cg 100

Question: Suppose that the cost function is given by: C(g) 100 5g2 (a) Find the fixed and variable cost. (b) Find the marginal cost (c) Find the average cost and the average variable cost. (d) raw the relationship betwee ...

Question consider the industry in which you work or one

Question: Consider the industry in which you work, or one about which you have some knowledge. What are the costs and benefits associated with attempting to bar entry of other firms into this industry? How would a firm e ...

Question a local finance company will loan 8000 to a

Question: A local finance company will loan $8,000 to a home-owner. It is to be repaid in 24 monthly payment of $498 each. The first payment is due 30 days after the $8,000 is received. What interest rate per month are t ...

Question suppose you were assigned the task of choosing a

Question: Suppose you were assigned the task of choosing a price that maximizes economic surplus in a market. What price would you choose? Why? The response must be typed, single spaced, must be in times new roman font ( ...

Discussion 1 what effect does a meta-synthesis or

Discussion: 1. What effect does a meta-synthesis or meta-analysis have on research translation? Describe a clinical practice in place that is supported by this level of evidence. 2. Comparative effective research is impo ...

Question in may 2018 the us unemployment rate fell to 38

Question: In May 2018, the U.S. unemployment rate fell to 3.8 percent, its lowest level in 18 years. An unemployment rate this low is often viewed as being very good for the economy, so explain how this low unemployment ...

Question what are some of the problems associated with

Question: What are some of the problems associated with capitalism which the American people have called upon government to address? What are some examples of ways in which government has attempted to alleviate each of t ...

Question describe your expectations on finding law from

Question: Describe your expectations on finding law from anywhere in the world by use of the internet. Why is it important to have a uniform method of citation of that law? The response must be typed, single spaced, must ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved