If the government wanted to encourage savings by offering a tax break, such a policy would work if the supply curve for financial capital is

a. elastic.
b. steep.
c. inelastic.

Answer: a. elastic.

Economics

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The Nash equilibrium for the game is

a. For both stores to advertise b. For megastore to advertise and for superstore not to advertise c. For megastore not to advertise and for superstore to advertise d. For both stores to not advertise

Economics

A price maker is

A) a person who actively seeks out the best price for a product that he or she wishes to buy. B) a firm that has some control over the price of the product it sells. C) a firm that is able to sell any quantity at the highest possible price. D) a consumer who participates in an auction where she announces her willingness to pay for a product.

Economics