Ida May Fuller was the first person to:
A. receive Social Security payments for over 20 years.
B. petition Congress for indexing Social Security payments.
C. receive a Social Security check.
D. have her Social Security check adjusted for inflation.
Answer: C
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In the 1990s, Congress considered an agriculture bill that would gradually reduce price supports for many agricultural products. If the bill were to be approved, what would most likely happen to the number of families employed in agriculture?
A. It would decrease, because agricultural prices would fall. B. It would decrease, because agricultural prices would rise. C. It would increase, because agricultural prices would fall. D. It would increase, because agricultural prices would rise.
The size effect and the diffusion effect always occur in isolation
Indicate whether the statement is true or false
The above figure shows Bob's utility function. He currently has $100 of wealth, but there is a 50% chance that it could all be stolen. Bob's expected utility is
A) a. B) b. C) c. D) d.
In the game in Scenario 13.10, there is
A) a mixed strategy equilibrium, and no other. B) a mixed strategy and a pure strategy equilibrium. C) a mixed strategy and two pure strategy equilibria. D) a mixed strategy and four pure strategy equilibrium. E) no equilibrium in either mixed or pure strategies.