The Social Security program is ________ in that it redistributes income from ________
A) progressive; low earners to high earners
B) regressive; low earners to high earners
C) progressive; high earners to low earners
D) regressive; high earners to low earners
C
You might also like to view...
A major reason for the existence of financial intermediaries is
A) transactions costs that would be incurred without their existence. B) the fees charged by dealers and brokers in direct finance are so high. C) the problem of symmetric information. D) to assist borrowers in buying securities in financial markets.
Refer to Figure 4.3. All else equal, an increase in net exports accompanied by a decrease in expected future profits would cause which of the following shifts?
A) S1 to S2 and D1 to D2 B) S2 to S1 and D1 to D2 C) S1 to S2 and D2 to D1 D) S2 to S1 and D2 to D1
Refer to the above figure. At a price of four cents, the quantity of bubble gum supplied will be
A) 3. B) 2. C) 4. D) 5.
Figure 3-19
Refer to . Buyers who value this good less than price are represented by which line segment?
a.
AC.
b.
CE.
c.
BC.
d.
CD.