What is laffer curve, Microeconomics

Assignment Help:

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. 

 


Related Discussions:- What is laffer curve

Gdp components, study on internet will impact on gdp

study on internet will impact on gdp

Externalities, What are corrective taxes? Why do economists prefer them to ...

What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss

Define structural isomers and its types, Define structural isomers and its ...

Define structural isomers and its types Coordination compounds that having same compositions but the different bonding attachments. Types of structural isomers Hydration isomers

ECO 204 Final Paper, Review the following information pertaining to the pot...

Review the following information pertaining to the potato chip industry and answer the questions below in a five to six double spaced page paper (not including title and reference

Elasticity, E-goods are returning to price levels which we thought they had...

E-goods are returning to price levels which we thought they had left behind, again the inevitable price elasticity. Why is it so certain that price elasticity will cause those pric

What is market clearing level and public good, What is market clearing leve...

What is market clearing level and public good? Market clearing level is the price level current in the market at which consumer is willing to purchase a particular commodity f

Externalities, Assignment: Externalities •Consider the following scenario: ...

Assignment: Externalities •Consider the following scenario: The city council has just approved the construction of a water park in your town. As city economist, you are responsible

Microeconomics, when the demand function is 2q-24+3p=0,find marginal revenu...

when the demand function is 2q-24+3p=0,find marginal revenue when q=3

What is the nash equilibrium, i) Two firms, A and B, are operating in a U...

i) Two firms, A and B, are operating in a UK textile industry under duopolistic condition and choose to either produce at "High" price or a "Low" price. Suppose you are the man

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd