If you save more because Social Security motivates you to provide a greater level of inheritance for your children, then this is referred to by economists as the

A. slovenly effect.
B. bequest effect.
C. asset substitution effect.
D. induced retirement effect.

Answer: B

Economics

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Use the above table. Assuming constant opportunity costs, the opportunity cost of producing a gallon of wine in Argentina is

A) 0.33 pound of beef. B) 0.5 pound of beef. C) 2 pounds of beef. D) 3 pounds of beef.

Economics

An example of human capital would be:

A. your writing skills. B. your desk. C. your computer. D. None of these is an example of human capital.

Economics