what effect do tax incentives have on economic development? a. tax incentives have no impact on economic…

what effect do tax incentives have on economic development? a. tax incentives have no impact on economic development. b. tax incentives only allow the rich to get richer and the poor to get poorer. c. tax incentives encourage international trade of human or physical resources. d. tax incentives only affect economic development when a nation creates an important technology. please select the best answer from the choices provided.

what effect do tax incentives have on economic development? a. tax incentives have no impact on economic development. b. tax incentives only allow the rich to get richer and the poor to get poorer. c. tax incentives encourage international trade of human or physical resources. d. tax incentives only affect economic development when a nation creates an important technology. please select the best answer from the choices provided.

Answer

Brief Explanations:

Tax incentives can encourage businesses and individuals to engage in activities that promote economic growth, such as investment and trade. They can attract foreign - owned enterprises and promote the movement of resources across borders, which is related to international trade of human or physical resources. Option A is incorrect as tax incentives do have an impact. Option B is an over - simplification. Option D is too restrictive as tax incentives can have impacts in various situations, not just when a nation creates important technology.

Answer:

C. Tax incentives encourage international trade of human or physical resources.