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Question

The argument for reduction in the rate of taxation to promote economic activity rests on the following premises:
1. Lower taxes increase the amount of savings
2. Moderate taxes lead to lower prices
3. It promotes consumption
4. It increases government's revenue.
  1. all four
  2. IV only
  3. I only
  4. I and III


Solution

The correct option is D I and III

(d)

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