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1. With the aid of a graph, explain the likely effects of an increase in individual income tax on the supply of labour. (15) 2.
1. With the aid of a graph, explain the likely effects of an increase in individual income tax on the supply of labour. (15)
2. What is the rationale for a fiscally decentralised system? Discuss using the Tiebout model as a benchmark for fiscal decentralisation
3. Explain the economic effects of personal income tax by referring to: economic efficiency, equity, administrative efficiency, and flexibility
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