Suppose T = $\alpha$ If Taxes Are Progressive Which of the Following Is True

question 12

Multiple Choice

Suppose T = .02S1 ^$\alpha$ .If taxes are progressive which of the following is true?

• A) \(\alpha\) > 1
• B) 0 < \(\alpha\)< 1
• C) \(\alpha\) = 1
• D) \(\alpha\) = 0

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Definitions:

Disbursements Fund

A fund set aside for the payment of expenses or disbursement of funds for specific purposes as they arise.