What does the payroll tax fund?
a. Social Security and Medicare
b. military and homeland security
c. environmental protection
d. Social Security and education
a. Social Security and Medicare
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Many economists view ________ as explaining most of the increase in the natural rate of unemployment in the U.S. from 1960 to 1980
A) the rise in the percentage of young workers in the labor force B) an increase in the percentage of the working-age population receiving disability insurance C) a decrease in the size of the prison population D) increased use of temporary workers
Refer to Figure 7-23. The equilibrium price is
a. P1
b. P2
c. P3
d. P4
Money is destroyed when
A. loans are made. B. checks written on one bank are deposited in another bank. C. loans are repaid. D. the net worth of the banking system declines.
The exclusive privilege to use an asset is called a(n)
A) property right. B) exclusive use agreement. C) property privilege. D) right to work privilege.