Social Security provides incentive for individuals to
(a) save more than they consume during their working years.
(b) manage their assets privately in order to prepare to live on principal and interest during retirement.
(c) rely on transfer payments made by the working class to them during retirement.
(d) carefully manage their private retirement portfolios and use the income earned to consume and save during retirement.
(c)
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If the Citrus Growers Association grows $1 million worth of oranges, sells $500,000 worth of oranges to consumers, uses the rest to make orange juice that is sold to consumers for $3 million, Citrus Grower's contribution to GDP is:
A. $3,500,000. B. $500,000. C. $4,000,000. D. $1,000,000.
The Federal Reserve ________ pay interest on reserves held on deposit. The European System of Central Banks ________ pay interest on reserves held on deposit
A) does; does B) does; does not C) does not; does D) does not; does not
In response to an unanticipated easing of monetary policy, the Fed funds rate ________ at first, then ________ after 6 to 12 months
A) rises; returns most of the way to its original value B) falls; returns most of the way to its original value C) remains roughly unchanged; rises significantly D) remains roughly unchanged; falls significantly
The marginal revenue product curve for labor is the demand curve for labor.
Answer the following statement true (T) or false (F)