Why might reforms to encourage saving lead to a less egalitarian society?
Taxing saving at a lower rate provides greater benefits to those who have higher income because they save more.
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Your neighbor's 10-year old son has come to your house to collect money for a relief fund to benefit hurricane victims
You were initially unwilling to contribute but agreed to give when you discovered that he had already collected money from all your neighbors. This is an example of ________. A) pure altruism B) impure altruism C) liberalism D) rationalism
Tara, a pharmacist, is planning on opening her own pharmacy. Tara currently earns $50,000 a year at her job. She has calculated that it will cost her $6,000 in rent and utilities and $25,000 for an assistant per year to run her pharmacy
What is the amount of opportunity cost that Tara incurs in running her own pharmacy? A) $31,000 B) $25,000 C) $50,000 D) $81,000
In the long run, pure competition forces firms to produce at the minimum of average total cost and charge a price consistent with that cost.
Answer the following statement true (T) or false (F)
A way for policymakers to avoid the problems that deflation can present and still meet their objective of price stability is to:
A. set a target of zero inflation. B. target a nominal interest rate of zero. C. set a higher inflation target. D. keep the monetary base fixed.