Calculations make it clear that for the majority of current retirees, the rate of return on Social Security taxes and benefits was
A. lower than what would have been generated in private stock-market investments.
B. greater than what would have been generated in private stock-market investments.
C. riskier than what would have been generated in private stock-market investments.
D. roughly equal to what would have been generated in private stock-market investments.
Answer: D
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Gross Domestic Product is computed by using
A) base-year prices. B) wholesale prices. C) previous-year prices. D) current-year prices.
In order to eliminate the inefficiency brought about by a monopoly, the government wants to impose a price ceiling on the monopoly. What is the optimal price to be imposed?
A. The competitive price, unless it is below ATC. B. The competitive price, unless it is below MR. C. The competitive price D. The competitive price, unless it is above ATC.
A Herfindahl index of 10,000 suggests:
A. perfect competition. B. monopolistic competition. C. oligopoly. D. monopoly.
A game in which players as a group gain at the end of the game is referred to as
A. negative-sum game. B. positive-sum game. C. tit-for-tat game. D. zero-sum game.