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:

Polychronic

Relating to or denoting cultures that perceive time as fluid and multitasking as normal and acceptable.

Monochronic

A time management concept where tasks are performed one at a time, emphasizing focus and linear progression.

Personal Space

The physical area surrounding an individual that they consider their own, which if invaded may cause discomfort.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.