________ policies refer to government programs designed to exploit natural comparative advantage by increasing production of a few export goods most closely related to a country's resource base

When producers produce more consumer goods than consumers are prepared to buy, the remaining consumer goods allow intended investment to increase, increasing national income

Indicate whether the statement is true or false

High marginal income tax rates

a. distort incentives to work. b. are used to encourage saving behavior. c. will invariably lead to lower average tax rates. d. are not associated with deadweight losses.