A higher return on saving ______ the amount a household needs to save to achieve any target level of future consumption. This effect on saving is called the _______ effect. If the income effect is large enough, then a reduction in taxes on saving might ______ tax revenues
Fill in the blank(s) with correct word
reduces, income, reduce
Economics
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The soft drink industry can best be described as:
A) an oligopoly. B) a monopoly. C) perfectly competitive. D) monopolistically competitive.
Economics
When an economy dips into recession, automatic stabilizers will tend to
a. enlarge the budget deficit (or reduce the surplus). b. reduce the budget deficit (or increase the surplus). c. ensure that the budget remains in balance. d. expand the supply of money and, thereby, stimulate aggregate demand.
Economics
The sales tax is generally considered to be a regressive tax.
Answer the following statement true (T) or false (F)
Economics
Which of the following has no market “price”?
A. Labor B. Capital C. Entrepreneurship D. Fixed factors
Economics