Accumulated over a long span of time, the tax rate on interest income
a. removes all benefits from saving.
b. reduces the benefits from saving by a small amount.
c. reduces the benefits from saving by a large amount.
d. does nor reduce any of the benefits from saving.
c
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The Delphi method is a
A) smoothing technique in forecasting. B) consensual forecast based on expert opinions. C) compound growth approach to forecasting. D) naïve forecasting approach.
The supply schedule shows the specific quantity of a good that suppliers are willing and able to:
A. demand at various prices. B. produce at various costs. C. hold back from the market when competition is reduced. D. provide at different prices.
The law of demand states that
A) consumers with more income will spend more on goods and services. B) a higher price will lead to increased sales. C) the price can never be too high for some consumers. D) quantity demanded of a good will vary inversely with the price of that good.
Labor unions that consist of workers from a particular industry, such as automobile manufacturing, are called
A) craft unions. B) industrial unions. C) collective unions. D) closed unions.