Statement: Let us increase the taxes to cover the deficit.
Assumptions:
The present taxes are very low.
Deficit in a budget is not desirable.
If the taxes are not increased, the deficit cannot be met.
Only I and II are implicit
Only II and III are implicit
Only I and III are implicit
All are implicit
Explanation:
Answer: Option B
Explanation:
Clearly, the statement shows that the present taxes are not sufficient to meet the deficit but they may still be high. So, I is not implicit. Since the statement talks of covering the deficit, so II is implicit. Also, the taxes are increased to meet the deficit. So, III is also implicit.
Answer: Option B
Explanation:
Clearly, the statement shows that the present taxes are not sufficient to meet the deficit but they may still be high. So, I is not implicit. Since the statement talks of covering the deficit, so II is implicit. Also, the taxes are increased to meet the deficit. So, III is also implicit.