The solvency of Social Security can be extended if

A. the trust fund invests in government bonds.
B. the retirement age is reduced.
C. the cap on taxable earnings is lowered.
D. the tax rate is increased.


Answer: D

Economics

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If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a higher cost of production than Sparkle Cleaners, in equilibrium, Happy Cleaners will produce ________ than Sparkle Cleaners and earn an economic profit that is ________ Sparkle Cleaners.

A) more; less than B) less; less than C) less; the same as D) more; the same as

Economics

Refer to the table below. If the cost per unit of advertising is constant at $550, what is the level of advertising per week that maximizes the industry joint profit?


Suppose the dairy industry is made of up only by the three firms above; Cow Haven, Free Cows, and Happy Cows.

A) 4 B) 5 C) 3 D) 2

Economics

In a country with a working-age population of 30 million, 18 million are employed, 2 million are unemployed and 2 million of the employed are working part-time, half of whom wish to work full-time. The unemployment rate is

A) 9.1 percent. B) 10 percent. C) 14.3 percent. D) 11.1 percent. E) none of the above.

Economics

If a firm has two production alternatives and the price of one decreases, this will cause the other good's

A. supply curve to shift to the left. B. supply curve to shift to the right. C. demand curve to shift to the right. D. demand curve to shift to the left.

Economics