If the Annual Amount of Savings Is $10 Billion, What

question 5

Multiple Choice

If the annual amount of savings is $10 billion, what is the effect of a wealth tax assuming supply is perfectly inelastic

• A) annual savings remains $10 billion
• B) annual savings increases above $10 billion
• C) annual savings falls below $10 billion
• D) no particular effect is guaranteed to happen

---

Definitions:

Government Corporation

A legal entity created by a government to undertake commercial activities on its behalf.

Federal Bureaucrats

Government officials and employees working within the agencies of the federal government, often non-elected positions responsible for implementing policies.

Clean Air Act

The Clean Air Act is a comprehensive federal law in the United States that regulates air emissions from stationary and mobile sources to protect public health and the environment.

Bureau-Level Agency

A specific tier within a federal department focused on a particular area of administration or regulation.