From the Net Tax Function: T = T₀ + T₁Y,where

question 10

Multiple Choice

From the net tax function: T = t₀ + t₁Y,where t₀ < 0 and t₁ > 0,it follows that,as income rises

• A)average taxes falls and the surplus declines.
• B)average taxes rises and the deficit increases.
• C)average taxes falls and the deficit declines.
• D)Average taxes and the deficit do not change.

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Definitions:

Ethical Dimension

Pertains to the moral aspects and considerations that influence conduct, ensuring actions and decisions support fair and just practices.