Which of the following policies would be expected to increase private saving?

A. Increasing the tax rate on capital gains
B. Replacing the income tax with a consumption tax
C. Reducing the size of down payments needed to buy a house
D. Providing more generous Social Security retirement benefits


Answer: B

Economics

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Based on the table above, the CPI for 2013 is

A) 100. B) 105.1. C) 98.5. D) 5.0%. E) 102.5.

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Of all barriers to entry, the most important are those that are due to

A) economies of scale. B) government-imposed barriers. C) the Herfindahl-Hirschman Index. D) ownership of a key input.

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When did intellectual property rights become part of trade agreements?

What will be an ideal response?

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Which of the following assessments is correct based on the information presented in Exhibit 3?


a. Calvin has an absolute advantage in food production.
b. Calvin has a lower opportunity cost in cloth production.
c. Wendy has a higher opportunity cost in food production.
d. Wendy has a comparative advantage in cloth production.

Economics