Which of the following is not a seriously proposed way to solve the problems of funding Social Security?
a. increase Social Security taxes
b. reduce future benefits
c. increase the number of years of earnings used to determine benefits
d. create a Social Security national lottery
e. change the law to allow the Social Security system to invest some of the trust funds in the private sector
D
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People hold money as an asset rather than other assets because
A) it holds its value. B) there is no cost to holding money as an asset. C) it grows in value. D) it is highly liquid.
Answer the following statements true (T) or false (F)
1. Collateral means something valuable—often property or equipment—that a lender would have a right to seize and sell if the loan is not repaid. 2. Insurance companies price their premiums based on what each customer can afford to pay. 3. Adverse selection is a type of asymmetric information in which the seller has more information than the buyer, making it hard for the buyer to know how much to pay. 4. In many cases of asymmetric information, the seller has more information than the buyer. When the buyer has more information, the problem is known as “adverse selection.” 5. Firms can raise the financial capital they need in four main ways: (1) from early-stage investors; (2) by reinvesting profits; (3) by borrowing through banks or bonds; and (4) by selling stock.
If you are using a credit card prudently, you should
A) pay only the interest on any outstanding balance. B) make only the minimum payment each month. C) gradually expand the amount borrowed to the card's credit limit. D) pay the balance in full each month.
:Employed full-time:4,200Employed part-time: 700Not employed and looking for work: 300Not employed and not looking for work: 200
Given the data in Table 12.1, if the workers who are "not employed and not looking for work" were counted as not employed and in the labor force, the unemployment rate of Metropolis would be approximately:
A. 4 percent. B. 7 percent. C. 9 percent. D. 10 percent.