Which of the Following Statements Is Not Correct

question 376

Multiple Choice

Which of the following statements is not correct?

• A)Reducing taxes on interest income might encourage people to save more.
• B)Reducing taxes on interest income might reduce saving.
• C)A price increase will create income and substitution effects that will both always work to reduce consumption of the good.
• D)Utility is maximized when the marginal rate of substitution between any two goods equals the relative prices of the two goods.

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Definitions:

Personal Data

Information that relates to an identified or identifiable individual, including name, address, email, phone number, and other personal details.

E-mail Messages

Digital communications sent over the internet, allowing individuals to exchange information quickly and efficiently.

Pirate Bay

A notorious online platform for downloading and sharing pirated content, including movies, music, software, and books.

Missionary Church of Kopimism

A religious movement that believes in the sacredness of copying and sharing information freely.