Which of the following might explain a decrease in national saving when the tax rate on savings is reduced?
a. its income effect on saving and its effect on the government budget
b. its income effect on saving but not its effect on the government budget
c. its effect on the government budget but not its income effect on saving
d. neither its income effect on saving nor its effect on the government budget
a
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In Figure 22.1, which area represents total revenue to the drug dealer? 
A. 0BCQ* B. AP*C C. 0P*CQ* D. BP*C
Which statement is false?
A. The problems of the inner city ghettos were just as bad 50 years ago as they are today. B. There was a huge outward migration of middle- and working-class blacks from the ghettos in the 1970s and early 1980s. C. About 2 out of 5 poor blacks live in areas of extreme poverty. D. None of these statements are false.