The degree to which Social Security is underfunded (in present value terms) is
A. $12 billion.
B. $12 trillion.
C. $3 trillion.
D. $0.
Answer: B
Economics
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In which types of business do owners have unlimited personal liability and in which do owners have limited personal liability?
What will be an ideal response?
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A decision tree is used when modeling:
A. a prisoner's dilemma. B. simultaneous decisions. C. any type of game. D. games in which timing matters.
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Suppose you borrow $500 for a year and the lender discounts $75 of interest at the time the loan is made (giving the borrower only $425). The interest rate on this loan is about:
A. 12.5 percent. B. 14.5 percent. C. 17.6 percent. D. 10 percent.
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Attempts to bypass price rationing in the market
A. are easily administered. B. always fail. C. are efficient. D. are costly.
Economics