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

Psychology, How might you determine whether flute-playing ability is a high...

How might you determine whether flute-playing ability is a highly heritable trait? If you want to improve your flute playing and someone tells you that musical ability is heritable

Production function curve, different types of production funtion and curve ...

different types of production funtion and curve given by different economist

Economics and potlatch, I have 3 questions regarding the economics of potla...

I have 3 questions regarding the economics of potlatch, 1.) What is the economic purpose of potlatch? I don''t fully understand this question... I believe potlatch is a gift econ

Regression methods, This is a very common methods of forecasting demand. Un...

This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such

Elasticity of demand, elasticity of demand of a product in different market...

elasticity of demand of a product in different market forms such as perfect competition, monoply etc.

Consumers demand function, A consumer purchases food (X) and clothing (Y). ...

A consumer purchases food (X) and clothing (Y). Her utility function is given by: , income is $100 and the price of food is $1 and the price of clothing is Py. a. Derive the equ

Demand and price, examples of quantity demand when prices increase

examples of quantity demand when prices increase

Economic institutions, Since World War II, North Korea has had a centrally ...

Since World War II, North Korea has had a centrally planned economy in which the government makes the big decisions on how resources will be allocated. Why would you expect North K

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