Opponents of Tax Reforms Intended to Raise Saving Argue That

question 4

Multiple Choice

Opponents of tax reforms intended to raise saving argue that such reforms

• A)favor those with high income,and that saving may not rise because of the substitution effect.
• B)favor those with high income,and that saving may not rise because of the income effect.
• C)favor those with low income,and that saving may not rise because of the substitution effect.
• D)favor those with low income,and that saving may not rise because of the income effect.

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Definitions:

Payroll Items

Components that make up the total compensation package on an employee's pay, including wages, salaries, benefits, taxes, and deductions.

Employer Responsibility

Obligations that an employer has towards their employees, which may include providing a safe working environment, fair wages, and complying with employment laws.

Employee Responsibility

The obligation of employees to complete assigned tasks, adhere to the company's policies, and act in the company’s interest.