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Which of the following is true of net taxes? a . The level of net taxes varies inversely with the level of transfer payments. b
Which of the following is true of net taxes?
a The level of net taxes varies inversely with the level of transfer payments.
b Net taxes must always be less than zero.
c The level of net taxes varies directly with the level of transfer payments.
d Net taxes increase when income decreases.
e Net taxes increase when income tax rates are reduced.
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