serenityburke
16.11.2019 •
Business
What effect would a tax increase have on income
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Ответ:
Ответ:
The correct answer is option c.
Explanation:
An improvement in the property rights would promote innovation, investment, and, research and development. This will help in increasing production and productivity in the economy. As a result, the production possibility curve will shift outwards.
This outward movement in the frontier shows economic growth.