If monopolies are both inevitable and bad, which policy alternative will be least disruptive of all effective policy alternatives?

International evidence on the relationship of per capita income and the saving rate suggests that ________

A) a high level of income per person requires a high saving rate B) a high saving rate guarantees a high level of income per person C) a high saving rate might result in a high level of income per person D) a high saving rate requires a high level of income per person

Assume an income tax was doubled. Describe what would happen to labor supply and leisure. Can we be about the net effect on labor supply?

What will be an ideal response?