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Question 5 (5 Points): D4, C1, A3 Some economists suggest that government revenue can be increased by cutting tax rates. Explain. What impact the imposition

Question 5 (5 Points): D4, C1, A3

  1. Some economists suggest that government revenue can be increased by cutting tax rates. Explain.
  2. What impact the imposition of income and consumption taxes may have on the economy? Recently the government of Bahrain introduced consumption tax. Do you agree with the decision of the government? Why and why not?

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