Which of the following is most likely to help the residents of a nation produce more goods and services and achieve higher income levels?
a. higher tax rates
b. a higher rate of investment
c. a smaller trade sector
d. greater use of taxation to transfer income from the rich to the poor
B
Economics
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The tendency for private saving to increase in response to growing government deficits is known as the
A) crowding out effect. B) money illusion effect. C) Keynes effect. D) Ricardo-Barro effect.
Economics
The 2010 Patient Protection and Affordable Care Act (Obamacare) contains a provision that may require individuals to either purchase private health insurance or pay a tax. This is an example of
A) a mixed economy. B) market capitalism. C) centrally planned socialism. D) the invisible hand.
Economics