The majority of economists would argue that an increase in taxes
A. has little or no effect on savings.
B. dramatically decreases savings.
C. slightly increases savings.
D. dramatically increases savings.
Answer: A
Economics
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Of the following, which is CORRECT?
A) Nominal GDP does not change when the production of goods and services increases. B) Nominal GDP is not affected by changes in prices of goods and services. C) Nominal GDP increases when the prices of goods and services increase. D) Real GDP changes only when the prices of goods and services really change.
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The basis for trade is comparative advantage, not absolute advantage
Indicate whether the statement is true or false
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