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In a July 2011 survey of 53 prominent American economists, 6

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by Anaira Mitch » Fri Nov 23, 2018 2:49 am

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In a July 2011 survey of 53 prominent American economists, 65% said that lack of demand was the main reason why employers were not hiring new employees as compared to 27% who said that high rate of corporate taxation was the main reason. Therefore, higher corporate taxes didn't likely lead to lower employment rates.
Which of the following statements must be true for the above argument to hold?

A. The lack of demand is not due to higher prices charged by corporates for their products in order to account for the higher tax rate.
B. A higher corporate tax rate does not necessarily lead corporates to adopt low cost strategies.
C. The opinions of all the 53 economists surveyed are equally credible.
D. Most of the claims made by the economists surveyed have been proved to be true in the past.
E. High corporate taxes do not aid the growth of the new companies.
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Source: — Critical Reasoning |