Which of the following two effects of a decrease in the tax rate on saving would raise savings?
a. the income effect and the substitution effect
b. the income effect but not the substitution effect
c. the substitution effect but not the income effect
d. neither the substitution effect nor the income effect
c
Economics
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Which is NOT one of the potential benefits of labor unions?
A) Unionism raises social efficiency. B) Unions appear to reduce wage inequality. C) Unions may reduce a company's profits. D) Unions may have contributed to safer working conditions.
Economics
Few countries have a higher GDP per capita than the weighted average of Canada, Mexico and U.S. GDP
Indicate whether the statement is true or false
Economics