If a Lump-Sum Tax Is Imposed, the Slope of the New

question 28

Multiple Choice

If a lump-sum tax is imposed, the slope of the new budget line relative to the budget line prior to the tax:

• A) remains unchanged.
• B) increases.
• C) decrease.
• D) can increase and decrease in different regions.

---

Definitions:

Personalities Develop

The process by which individual characteristics, traits, and patterns of behavior form and evolve over time.

Gradual Changes

Slow and incremental alterations or developments that occur over time.

Period Of Years

A span of time that consists of multiple years, often used to describe durations in historical, developmental, or future contexts.

Fake Good

The act of presenting oneself in an overly positive manner, often to appear more favorable in psychological evaluations or social situations.