Yi and Avik Are Both Economists

question 2

Multiple Choice

Yi and Avik are both economists.Yi thinks that taxing consumption,rather than income,would result in higher household saving because income that is saved would not be taxed.Avik does not think that household saving would respond much to a change in the tax laws.In this example,Yi and Avik

• A)hold different normative views about the tax system.
• B)disagree about the validity of a positive theory.
• C)have a fundamental misunderstanding of the tax system.
• D)More than one of the above is correct.

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Definitions:

Body Structure

Refers to the organization and arrangement of physical parts of organisms, including their systems, organs, and tissues.

Brachial

Pertaining to the arm, specifically the part of the upper limb between the shoulder and the elbow.

Thigh

The part of the human leg between the hip and the knee, consisting of several muscles including the quadriceps and hamstrings.

Secretions

Substances produced and released by cells or glands in the body, serving purposes like digestion, lubrication, or hormone regulation.