One reason why it is very difficult to write optimal military procurement contracts is because _____.
a. there are numerous possible producers
b. the military purchases many goods
c. new technology often has to be developed
d. there are many possible consumers of the product
Question 2
The fact that unsheltered saving is taxed under our current tax system creates a double tax on saving because _____.
a. saving occurs out of after-tax income
b. of IRAs
c. investments earns such high rates of return
d. consumption should be equalized with saving
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