Social Security benefits have played an important role in the improved economic status of the elderly over time.
A. True
B. False
C. Uncertain
A. True
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According to the case for analysis (Demand and Supply in the Copper Industry) in the text, all of the following can lead to a decline in the price of copper except:
A) steady production uninterrupted by labor strikes or natural disasters. B) substitution away from copper to other materials such as aluminum and plastic. C) an increase in mining of higher grade materials. D) a surge in demand from foreign importers.
Potential GDP measures the capacity of the economy in terms of the actual goods and services to be produced
Indicate whether the statement is true or false
When an economist says that there is "too much of a good thing," the economist is suggesting that:
A. scarcity is not a problem. B. the marginal cost of the thing is less than the marginal benefit. C. wants are limited. D. the marginal benefit of the thing is less than the marginal cost.
The real rate of interest is defined as
A. zero. B. the nominal rate of interest. C. the nominal rate of interest plus the anticipated inflation rate. D. the nominal rate of interest minus the anticipated inflation rate.