Among the factors that have a negative impact on savings in the United States is the
A) tax system.
B) fact that colleges give less in financial aid to students whose families have savings.
C) structure of our welfare programs.
D) all of the above.
D
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Which of the following statements concerning opportunity costs is false?
a. Opportunity costs are only expressed in money terms. b. Every choice involves opportunity costs. c. Opportunity costs are the highest-valued alternatives that must be forgone when a choice is made. d. The concept of opportunity cost is used to demonstrate scarcity. e. Economists refer to the forgone benefits of the next-best alternative as opportunity costs.
People who live in countries with ________ average incomes generally live __________ lives.
A. lower; shorter B. lower; longer C. higher; shorter D. higher; more meaningful
A bank has a 20 percent reserve requirement, $8,000 in loans, and has loaned out all it can given the reserve requirement
a. It has $6,400 in deposits. b. It has $10,000 in deposits. c. It has $9,600 in deposits. d. It has $1,600 in deposits.
Which of the following is not correct?
A. Where marginal product is zero, total product is at a maximum. B. Where marginal product is greater than average product, average product is rising. C. Where total product is at a maximum, average product is also at a maximum. D. Marginal product becomes negative before average product becomes negative.