These are the question in multiple choice answer
oussn on 4 Corporatetues aontfulerIl reveals mmr-mmmwmnmv am , l t lllllliti after i 15.0% ' NM 15.\" ' mm , so" l rilnlinlmnlmlms MM' l l 1931 m - y . In the debate over taxes, Senator Warren (D-Mass) said the total tax revenue from corporations is too low and needs to be higher: "Somebody's going to have to pay the bills to keep the government running,\" Warren said. "A generation ago, corporations paid 30% of what it costs to run the federal government. Today, corporations pay less than 10%. " Evidence supporting her argument can be gleaned from the graphic on the left above. On the right is a graphic showing corporate income tax rates for member countries of the Organization for Economic Co-operation and Development (OEDC), tor 2017. While over the years, other countries have moditied their taxes, the last major overhaul of the US tax code - prior to the changes in the tax code under the Trump administration - was over 30 years ago (1986). In particular, until recently, the average US corporate tax rate has been nearly 10 percentage points higher than the average OEDC rate. Based on this evidence, one might conclude: 0 Globalization has led to fewer US corporations and this is why the share of corporate taxes as a percentage of federal revenues have fallen, compared to a generation ago. 0 US corporations have substantially more tax loopholes than corporations in other countries, othenrvise they would be paying a greater share of overall federal tax revenues. 0 Sen. Warren must be in support for lower taxes for US corporations if she wants corporations to pay more tax revenue. 0 An increase in US corporate taxes will yield additional tax revenue, thereby increasing the corporate share of overall tax revenue. 0 High corporate taxes in the US coupled with lower taxes elsewhere have eroded US competitiveness in world markets and given US businesses disincentives to hold cash domestically. This has contributed to the decline in the share of corporate taxes as a percentage of federal revenues. In this light, an increase in corporate taxes rates will not likely raise corporate tax revenue substantially. QUESTION 10 Unemployment Rate A Time The graph depicts the unemployment rate for a particular country. The shaded portions of the graph refer periods when the economy was in recession. Evidence of the encouraged worker phenomenon can most likely be seen: O between points C and D O between points A and B between points E and F O between points B and C O between points D and E QUESTION 11 The level of a country's long-run potential output (YNRU) depends on O the factors that determine the efficiency (productivity) of its technology, the amount of its capital stock, and the availability of ts natural resources only. o the size of its labor force only. O the availability of its natural resources and the size of its labor force only. the size of its labor force, the amount of its capital stock, the availability of its natural resources, and the factors that determine the efficiency (productivity) of its factors of production. o the amount of its capital stock, the size of its labor force, and the availability of its natural resources only. QUESTION 12 Cuts in marginal tax rates generally Increase tax revenue in the short-run and decrease tax revenue in the long-run. Decrease tax revenue in the short-run and in the long-run. Decrease tax revenue in the short-run and increase revenue in the long-run. . Decrease tax revenue in the short-run and may increase or decrease revenue in the long-run. Increase tax revenue in the short-run and in the long-run
