The Social Security program is unique in that employees can _____ the amount shown on their W-2 form and find out _____
a. look at; their share of the cost of Social Security
b. double; their annual contributions to their retirement
c. look at; their annual contributions to their retirement
d. double; their share of the cost of Social Security
d
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Misty has the option of purchasing one of three products: Brand A, Brand B, or Brand C. Each costs ten dollars. If she decides that Brand A meets her needs best, then the opportunity cost of this decision is
A) Brand B plus Brand C. B) twenty dollars. C) Brand A. D) Brand B or Brand C, depending on which is considered the highest-value alternative forgone.
The Fed can increase the federal funds rate by
A) buying Treasury bills, which increases bank reserves. B) selling Treasury bills, which decreases bank reserves. C) buying Treasury bills, which decreases bank reserves. D) selling Treasury bills, which increases bank reserves.
A good example of a monopolistic competitive industry is
A. the federal highway system. B. the few major textbook publishers together with nearly 100 percent of industry sales. C. wheat farms in the United States. D. the pop music industry.
According to the 2009 hamburger standard, the country with the most overvalued currency relative to the United States dollar was
A. China. B. Norway. C. Australia. D. Japan.