The 2016 Social Security Trustees' Report held that under intermediate assumptions the system would be bankrupt in
A. 2087.
B. 2015.
C. 2034.
D. 2054.
Answer: C
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The graph for a monopolist’s profits shows that the firm’s total profit is ______.
a. $100
b. $200
c. $400
d. $600
In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:
A. higher prices. B. lower prices. C. lower output. D. None of these is true.
Foreign aid:
A. provided by developed countries to developing countries represents about 10 percent of the GDP of developed countries. B. is an important source of funding for investment in most developing countries. C. does not contribute much to domestic investment in most developing countries. D. is largely wasted in most developing countries because it comes with no strings attached.
The ________ lag for fiscal policy requires changes in congressional-approved spending and tax programs.
A. recognition B. response C. implementation D. reorganization