Given that the characteristics of Social Security are determined through the political process, we would expect that young workers would _____ when given the opportunity to vote on the program
a. oppose increases in Social Security taxes
b. oppose increasing the retirement age
c. oppose means-testing of retirees
d. be strongly in favor of the status quo
a
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An expansion occurs when ________, when ________, or when both of these occur.
A. potential output grows slowly; actual output equals potential output B. potential output grows slowly; actual output rises above potential output C. potential output grows rapidly; actual output equals potential output D. potential output grows rapidly; actual output rises above potential output.
Which of the following taxes is most clearly based on the benefits-received principle of taxation?
a. corporate income tax b. gasoline tax c. personal income tax d. payroll tax e. value added tax
The NPV of a project rises as the discount rate rises
Indicate whether the statement is true or false
The balance of trade for Ireland is measured by which of the following?
a. the value of Irish exported goods and services minus the value of goods and services imported into Ireland b. the value of income receipts on Irish investments abroad minus income payments on foreign investments in Ireland c. the value of Irish merchandise exports minus the value of merchandise imports into Ireland d. the balance on Irish capital account minus the balance on Irish current account e. the balance on Irish capital account plus the balance on Irish current account