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(Last Word) Toppling Dominoes (adopted from Art Buchwald''s article Squaring the Economic Circle) humorously describes how Multiple Choice a government tax rate increase eventually results

(Last Word) "Toppling Dominoes" (adopted from Art Buchwald''s article "Squaring the Economic Circle") humorously describes how Multiple Choice a government tax rate increase eventually results in the government collecting less tax revenue than before the tax rate hike. a person's decision not to buy an automobile eventually reduces many people's incomes, including that of the person making the original decision. an increase in imports eventually leads to a greater increase in exports. a price increase on a single product eventually leads to rapid inflation

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