Programs that require people to pay into a common pool and are in turn eligible to draw on benefits under certain circumstances are called:
A. social insurance programs.
B. social benefit programs.
C. common insurance programs.
D. equitable payment programs.
A. social insurance programs.
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If the quantity of wood purchased decreases when the price of wood rises, a graph representing these variables would have
A) time on the vertical axis. B) the slope on the vertical axis. C) a negative slope. D) a positive slope.
According to purchasing-power parity, if over the course of a year the price level in the U.S. rises more than in Japan, then which of the following falls?
a. the U.S. real exchange rate, but not the U.S. nominal exchange rate b. the U.S. nominal exchange rate, but not the U.S. real exchange rate c. the U.S. nominal exchange rate and the U.S. real exchange rate d. neither the real exchange rate nor the nominal exchange rate
Japan has invested large sums of money in the United States over the last 15 to 20 years in order to
A. Control the American economy. B. Take over the country without war. C. Earn a higher rate of return on their investment. D. Dominate the U. S. goods market.
If producers have an expectation of higher future prices, the supply of the good that is currently available:
A. will be all that is produced. B. will increase. C. will decrease. D. will not change.