Which of the following is NOT correct?
a. Many economist oppose increases in how much people save.
b. Saving is an important long-run determinant of a nation's standard of living.
c. A change in tax laws that encouraged greater saving would lower interest rates.
d. Taxes on interest income can substantially decrease the future value of current saving.
a
Economics
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Caroline is an artist. She purchases canvas, paints, brushes, and accessories for $75. She sells one of her original paintings to an art gallery for $1,500, even though an art lover would pay $4,500 for that painting
How much value does Caroline add? A) $75 B) $1,425 C) $1,500 D) $4,425
Economics
Refer to Scenario 10.2. How much profit does the monopolist earn?
A) $4512.50 B) $4987.50 C) $475.00 D) $5.00
Economics