Suppose the Tax Rate on Interest Income from Saving Were

question 16

Multiple Choice

Suppose the tax rate on interest income from saving were reduced.

• A)The income effect,but not the substitution effect,would tend to reduce private saving.
• B)The substitution effect,but not the income effect,would tend to reduce private saving.
• C)Both the income and substitution effect would tend to reduce private saving.
• D)Neither the income nor the substitution effect would tend to reduce private saving.

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Definitions:

Glass Ceiling

Attitudinal and organizational workplace obstacles that prevent women from advancing to leadership positions.

Organizational Biases

Prejudices or systematic tendencies within an organization that influence its decisions and behaviors, often leading to unfair outcomes.

Working Mothers

Women who maintain a job or career while simultaneously fulfilling the responsibilities of motherhood.

Child Care

The supervision and care provided to children, typically ranging in ages from infancy to adolescence, by individuals other than their legal guardians.