Which of the Following Is Not an Argument Made by Those

question 354

Multiple Choice

Which of the following is not an argument made by those who oppose reforming the tax laws to encourage saving?

• A)A public budget surplus can raise national saving.
• B)The substitution effect of a higher return to saving may be about equal to the income effect of a higher return to saving.
• C)Low-income households save a larger fraction of their income than high-income households.
• D)Tax cuts might cause a budget deficit.

---

Definitions:

Agent of Socialization

An entity or structure within society that plays a crucial role in the process of socializing individuals, shaping their beliefs, behaviors, and norms.

Organized Religion

A structured system of faith and worship, often encompassing a shared set of beliefs, rituals, and governance.

Childhood

The period in human life from birth to adolescence, characterized by growth, learning, and socialization processes.

Durkheimian Terms

Pertains to concepts and theories developed by Emile Durkheim, focusing on social cohesion, the division of labor, and the role of religion in society.