Which of the Following Factors Will Influence the Size of the Deadweight

question 24

Multiple Choice

Which of the following factors will influence the size of the deadweight loss from the individual income tax?
(i) on average, people will choose to not work as hard as they would if income was not taxed
(ii) on average, people will choose to save less and consume more
(iii) on average, people will choose to reduce their leisure time

• A)(i), (ii) and (iii)
• B)(i) and (ii) only
• C)(i) and (iii) only
• D)(ii) and (iii) only

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Definitions:

Self-perceptions

An individual's awareness and understanding of their own characteristics, emotions, and behaviors.

Ideal

A concept or standard of perfection that is aspired to; often used in the context of goals, values, or qualities that are deemed to be the most desirable.

Ought

A term expressing duty, correctness, or moral obligation, indicating what should be done.

Self-assessment

The process of evaluating one's own thoughts, feelings, behaviors, and abilities, often in relation to personal goals or standards.