Explanation According to the trend, in economics there is no solid rule about how to differentiate between the short term and long term. One of the best answers is that the long run is the period when all inputs become variable, while the short-run is the period in which at least one input is fixed...

Evaluate the given statement.

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Chapter 11, Problem 1IP

To determine

Evaluate the given statement.

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Discuss the preferred deterrent method employed by the Zambian government to combat tax evasion, monetary fines. As noted in the reading the potential penalty for corporate tax evasion is a fine of 52.5% of the amount evaded plus interest assessed at 5% annually along with a possibility of jail time. In general, monetary fines as a deterrent are preferred to blacklisting of company directors, revoking business operation licenses, or calling for prison sentences. Do you agree with this preference? Should companies that are guilty of tax evasion face something more severe than a monetary fine? Something less severe? Should the fine and interest amount be set at a different rate? If so at why? Provide support and rationale for your responses.
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