Question

During boom times, which of the
following is true?
A. less tax revenue is being paid by businesses
B. less tax revenue is being paid by consumers
C. more tax revenue is being collected from businesses
and consumers
D. tax increases are causing unemployment and job
loss

Answer 1

During boom times, the option that was true is that less tax revenue is being paid by businesses.

How does the taxation system can boom a economy?

The use of taxation is one that affect incentives, as taxes can influence supply and demand factors.

Note that by lowering marginal tax rates on wages and salaries, can bring about the zeal for people to work more and earn more.

Therefore, During boom times, the option that was true is that less tax revenue is being paid by businesses.

Learn more about  boom times from

https://brainly.com/question/26020324

#SPJ2