In the later part of 2009, something historic happened relative to Social Security, in that for the first time:
A. Social Security revenues became zero
B. Social Security contributions fell short of payouts
C. Social Security payouts did not increase
D. The Social Security Trust Fund ran out of funds
B. Social Security contributions fell short of payouts
You might also like to view...
Someone who is risk-neutral has
A) diminishing marginal utility of wealth. B) constant marginal utility of wealth. C) increasing marginal utility of wealth. D) less marginal utility of wealth than someone who is risk-preferring.
Which statement is true?
A. There were more strikes in 1946 than in any other year. B. The Taft-Hartley Act has greatly benefited labor unions. C. Most labor leaders opposed the National Labor Relations Act. D. The Taft-Hartley Act has never been invoked by the president.
Which of the following is not a characteristic of a competitive market?
A. A large number of buyers and sellers. B. Firms can enter and exit the market freely. C. Firms sell differentiated products. D. All market participants have full information about cost and prices.
If s denotes savings rate, I denotes aggregate investment, and Y denotes GDP, then which of the following equations is correct?
A) I = s × Y B) I =s/Y C) I = Y/s D) Y = s × I