Public Saving in the Economy Can Be Increased by

question 156

Multiple Choice

Public saving in the economy can be increased by

• A)lowering taxes.
• B)raising government spending.
• C)raising taxes.
• D)raising transfer payments.

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Definitions:

Trade Agreement

A contract between nations regarding their trade relationships, including terms on tariffs, trade restrictions, and other aspects of international trade.

Tariffs

Taxes imposed by a government on imported goods, often used to protect domestic industries or retaliate in trade disputes.

Axis Alliance

A military and political alliance formed during World War II between Germany, Italy, and Japan, which opposed the Allied Powers.

World War II

A global conflict lasting from 1939 to 1945, involving most of the world's nations, and marked by significant historical events such as the Holocaust and the use of atomic bombs.