Business
Business, 26.03.2020 22:30, catherinethomas0826

In an effort to raise more tax revenue from the upper class, the government decides to impose a new tax on luxury goods like yachts, which increases the price of these goods by 50%. Which of the following is likely a secondary effect of this policy?a. the laying off of hundreds of poor and middle-class yacht makers as the wealthy spend their money elsewhere. b. An increase in the production of yachts by workers in the yacht industryc. Increased profits by domestic yacht producersd. There are no seondary effects, all carefully calculated government policies work out exactly as intended.

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