When the government imposes a tax on the production of a commodity:
a. production will invariably increase.
b. the cost of production increases, so the supply curve shifts to the left.
c. the benefits of consumption increases, so the demand curve shifts to the right.
d. there is no change in demand or supply of the commodity.
e. both the demand and supply curves shift to the right.
b
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If interest rates are high, the future payoff for every dollar saved is low.
Answer the following statement true (T) or false (F)
Current calculations make it clear that for the vast majority of young workers, the rate of return on Social Security taxes and benefits will be
A. roughly equal to what would have been generated in private stock-market investments. B. greater than what would have been generated in private stock-market investments. C. lower than what would have been generated in private stock-market investments. D. taxed more heavily than what would have been generated in private stock-market investments.