What is one benefit provided by Social Security?
What will be an ideal response?
Ans: retirement income for the elderly
You might also like to view...
Under a currency board regime, if domestic citizens are buying more (imports) from foreigners than they are selling to them (exports),
a. the amount of the domestic currency exchanged for the foreign currency will decrease and, thus, increase the domestic money supply. b. the amount of the domestic currency exchanged for the foreign currency will decrease and, thus, decrease the domestic money supply. c. the amount of the domestic currency exchanged for the foreign currency will increase and, thus, increase the domestic money supply. d. the amount of the domestic currency exchanged for the foreign currency will increase and, thus, decrease the domestic money supply.
If potential output equals $8 billion and actual output equals $9 billion, then this economy has a(n):
A. trade deficit. B. recessionary gap. C. expansionary gap. D. budget deficit.
An economy has two workers, Jen and Rich. Every day they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. What is the opportunity cost for Jen to produce one radio?
A. 1/5 TV B. 5 TVs C. 1/10 TV D. 10 TVs
If the United States had a financial account deficit of $50 billion, we could say the United States had
A. acquired net foreign assets of $50 billion. B. net imports of $50 billion. C. net foreign borrowing of $50 billion. D. a current account deficit of $50 billion.