Discuss possible explanations for the finding


Problem

An experiment is conducted in three different countries. Participants are told their income levels (in units of the local currency), the tax rate, the probability of detection, and the fine structure. These parameters are the same for all participants. It is found that the amount of income not declared is, on average, different among the countries. Discuss possible explanations for this finding.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: Discuss possible explanations for the finding
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