If a Reform of the Tax Laws Encourages Greater Saving

question 70

Multiple Choice

If a reform of the tax laws encourages greater saving, the result would be

• A) higher interest rates and greater investment.
• B) higher interest rates and less investment.
• C) lower interest rates and greater investment.
• D) lower interest rate and less investment.

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Definitions:

Public Education

An education system funded and administered by the government, providing free education to the public from primary to secondary levels.

Private Schools

Educational institutions not administered by governments but rather run by private individuals or organizations, often charging tuition.

Johnson-Reed Act

A U.S. federal law enacted in 1924 that aimed to limit immigration by establishing national quotas that discriminated against immigrants from Eastern and Southern Europe and virtually excluded Asians.

Illegal Aliens

Individuals who are living in a country without official authorization or documentation, often used in discussions of immigration law and policy.