An earnings test as it relates to Social Security implies
A. benefits are reduced by some predetermined amount for those who have not reached
normal retirement age.
B. the amount of money earned during the working life of an individual determines the amount
of benefits received.
C. family earnings determine the amount of benefits received.
D. all of these answer options are correct.
A. benefits are reduced by some predetermined amount for those who have not reached
normal retirement age.
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The figure above illustrates a linear demand curve. In the range from $8 to $6
A) the demand is price elastic. B) the demand is unit elastic. C) the demand is price inelastic. D) more information is needed to determine if the demand is price elastic, unit elastic, or inelastic.
A constant-cost industry is an industry in which
A) average costs fall as the industry expands output. B) input prices rise at a constant rate as firms in the industry use more inputs. C) average costs rise as the industry expands output. D) average costs remain constant as the industry expands output.
Under the original Clayton Act, which of the following was not illegal?
a. Charging different prices for the same product. b. Exclusive dealer agreements. c. The purchase of the stock of a rival firm that lessens competition. d. The purchase of the assets of a rival firm that lessens competition.
In communism, central planners decide which of the following?
a. what goods and services will be produced b. how much will be produced c. who will produce and consume the goods and services d. All of the above are correct.