One major problem with Social Security is that it is a "pay as you go" system
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is NOT true regarding competitive markets?
The marginal rate of substitution is ________, the ________ is the ________
A) greater; flatter; indifference curve B) greater; steeper; budget line C) smaller; steeper; indifference curve D) smaller; flatter; indifference curve
You have decided that you are going to consume 600 calories of beer and snacks at a party Saturday night. A beer has 150 calories and a snack has 75 calories
a. Create a table that shows the various combinations of beer and snacks you can consume. To keep things simple, use only round numbers (e.g., you could choose 1 or 2 beers but not 1.5 beers). b. What is the opportunity cost of a beer?
If you put $700 in a savings account at an interest rate of 3 percent, how much money will you have in one year?
A. $721 B. $703.00 C. $370 D. $679.61