For a firm, strategic interactions with other firms in the market become more important as the number of firms in the market becomes larger
a. True
b. False
Indicate whether the statement is true or false
False
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One way to restructure Social Security to meet its future obligations would be to _____
a. lower the retirement age b. reduce Social Security benefits c. increase benefits only on the poor d. eliminating pay-as-you-go
Refer to Figure 7.2. A movement from A to B in the figure represents
A) economies of scale. B) diseconomies of scale. C) learning. D) economies of scope. E) diseconomies of scope.
Which of the following statements about Social Security is FALSE?
A) Social Security is an intergenerational transfer where the benefits paid are only roughly related to past earnings. B) Over 90 percent of all employed workers in the United States are covered by Social Security. C) Benefit payments under Social Security are based on the recipient's need. D) Benefit payments under Social Security redistribute income from young to old.
All else constant, an increase in the supply of
A) increases the equilibrium quantity and the equilibrium price of bonds. B) increases the equilibrium quantity and decreases the equilibrium price of bonds. C) decreases the equilibrium quantity and increases the equilibrium price of bonds. D) decreases the equilibrium quantity and the equilibrium price of bonds.