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
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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.
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.
When did intellectual property rights become part of trade agreements?
What will be an ideal response?
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.