28. Saving is ___ a. helpful for production but not necessary b. not useful for

Question

28. Saving is ___

a. helpful for production but not necessary

b. not useful for production because it decreases consumption

c. required for production

d. not useful for production because it is not a resource

e. nor useful for production because savers must be paid interest

31. Which of the following accounts for the recent decline in the growth of trash-to-energy plants?

a. Decline in energy prices

b. less favorable tax treatment

c. decline in the amount of garbage per capita

d. inclusion of subsidies

e. high cost of legal consultation

33. The United States recycle only about 15 percent of ___

a. aluminum cans

b. office papers

c. corrugated boxes

d. newspapers

e. garbage

34. Campaigh finance reform is usually proposed:

a. as a way of reducing the power of special-interest groups

b. as a form of rent-seeking

c. by economists as a way of implementing the median-voter

d. by political action committees

e. by the Justice Department

Explanation / Answer

28. The right answer is c. required for production.

Explanation: Saving is essential to production. If there is no saving, there will be no investment and if there is no investment, there will be no production.

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