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Read the given statement and the following assumptions and decide which of the assumptions is implicit in the statement. Choose the CORRECT option.
Statement: Let us increase the taxes to cover the deficit.
Assumptions:
I. The present taxes are very low.
II. Deficit in a budget is not desirable.
III. If the taxes are not increased, the deficit cannot be met.
AOnly I and II are implicit
BOnly assumption II is implicit
COnly I and III are implicit
DAll are implicit
ENone of these
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