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    Economics Principles and Policy Study Set 1
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    Exam 17: Taxation and Resource Allocation
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    Under a Progressive Tax, the Fraction of Income Paid in Taxes
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Under a Progressive Tax, the Fraction of Income Paid in Taxes

Question 103

Question 103

Multiple Choice

Under a progressive tax, the fraction of income paid in taxes


A) rises as income rises.
B) is unchanged as income changes.
C) falls as income rises.
D) is proportional to the change in income.

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