The most important international trade organization is

Based in part on the budget surplus, in 2001 President Bush and Congress passed a permanent tax cut

Indicate whether the statement is true or false

The fact that 80% of the assets accumulated during a lifetime are bequeathed to heirs in the United States suggests that

A) the appropriate time horizon for consumption theory is the lifetime of the earner. B) the appropriate time horizon for consumption theory is intergenerational. C) the Barro-Ricardo equivalence theorem is correct. D) it is true that higher taxes increase savings.