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
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A) more; less than B) less; less than C) less; the same as D) more; the same as
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?
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A) 4 B) 5 C) 3 D) 2
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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.