Which of the following statements is an accurate statement about the Social Security (OASDI) program?
A. The program transfers income from those who work to those who do not work.
B. Only 50 percent of workers are covered by OASDI.
C. Benefits are based on financial need.
D. The program is financed by voluntary contributions.
Answer: A
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Imports are goods and services bought domestically
A) and resold at a profit. B) and not subject to tariffs. C) and produced domestically. D) but produced in other countries.
If managers minimize costs they have maximized profits
Indicate whether the statement is true or false
Of the following recessionary periods in the United States, in which was the inflation rate the lowest?
A. 1974-1975 B. 1980-1982 C. 1990-1991 D. 2008-2009
By definition, a government-sponsored good
A) is a good that is deemed socially desirable. B) is a good that should be available only to upper-income groups. C) is always provided at a zero price. D) does not affect society's general welfare.