One difference from private insurance programs is that social insurance programs:
A. are universally offered to everyone.
B. use a sliding scale of payment based on ability to pay.
C. serve everyone who meets baseline eligibility requirements.
D. None of these is true.
Answer: C
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Suppose the exchange rate is 10 pesos per dollar and you use $1000 to purchase a one-year Mexican bond that pays 10% interest. Next year, the exchange rate is 11 pesos per dollar
Assuming you convert your funds back to U.S. dollars, how much money will you have in one year? A) $1000 B) $1100 C) $91 D) $0
A major cause of volatility in the value of the U.S. dollar is ________
A) foreign exchange interventions by the U.S. Treasury B) change in U.S. net exports C) change in the expected value of the dollar D) disagreement among policy makers
Which of the following countries has the largest projected net debt as a percentage of their GDP for 2016? a. Japan b. The U.S
c. Germany d. Italy e. Australia
Opportunity costs exist because
a. there is a price attached to virtually every good or service b. technology is not fixed in the economy c. people have different tastes and preferences d. limited resources cannot satisfy all of the wants in society e. the production possibilities frontier is bowed in with respect to the origin