In the long run a corporate income tax that initially reduces the return to investment in the corporate sector will also: O a reduce the return to capital in noncorporate sectors. b. increase the output of corporate goods c decrease the output of noncorporate goods. Old both (b) and (c) are correctTax expenditures are: O a. expenditures made to collect taxes. O b. losses in revenue due to tax preferences. O c. less than 1 percent of tax revenue. O d. both (b) and (c) are correct