Which of the following represented the largest liability on the balance sheet of U.S. commercial banks in 2012?

Which of the following raise the incentive for households to save?

a. means-testing of government benefits and inheritance taxes b. means-testing of government benefits but not inheritance taxes c. inheritance taxes, but not means-testing of government benefits d. neither means-testing of government benefits nor inheritance taxes

For luxuries, income elasticity is:

A. less than 0. B. greater than 0. C. equal to 1. D. greater than 1.