When tax code changes increase saving incentives, the interest rate will _____ and investment will _____
Fill in the blank(s) with correct word
fall, increase
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Taxes on specific goods such as gasoline and alcoholic beverages are called
a. excise taxes. b. payroll taxes. c. sales taxes. d. social insurance taxes.
Canada has nationalized health care, so that everyone, regardless of their ability to pay, has some access to health care
Based on this observation, Canada has decided that "everyone, regardless of their ability to pay" is the answer to what microeconomic question? A) What type of health care will be produced and in what quantity? B) How will health care be produced? C) For whom will health care be produced? D) Why will we offer health care? E) Must we offer health care?
Suppose the nominal interest rate is 5 percent, the tax rate on interest income is 30 percent, and the after-tax real interest rate is 2.1percent. Then the inflation rate is 2 percent
a. True b. False Indicate whether the statement is true or false
Simon Kuznets
A. is the Secretary of the Treasury who helped pull the country out of the Great Depression. B. was a contemporary of Albert Einstein's who is responsible for the theory of economic relativity. C. was the first economist to construct an overall measurement of the U.S. economy. D. is an award-winning hip-hop artist who majored in economics in college.