From the net tax function: T = t0 + t1Y, where t0 < 0 and t1 > 0, it follows that, as income rises
a. average taxes falls and the surplus declines.
b. average taxes rises and the deficit increases.
c. average taxes falls and the deficit declines.
d. Average taxes and the deficit do not change.
C
Economics
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The table above shows sales of the firms in the chocolate industry. The Herfindahl-Hirschman Index in the industry is
A) 1346. B) 896. C) 1160. D) 2588.
Economics
Consumption at points on a steeper part of the indifference curve will reflect a higher marginal rate of substitution than consumption points on a flatter part of the indifference curve
Indicate whether the statement is true or false
Economics