Since Social Security is a pay-as-you-go program, the funds for the people retiring today
A. come from import taxes.
B. come from foreign sales of gold.
C. come from those of us working today and in the future.
D. come from the Federal Reserve.
Answer: C
You might also like to view...
Between the years 1998 and 2001, the U.S. government experienced
A) budget surpluses. B) balanced budgets. C) budget deficits. D) contractionary budget cycles.
The total of all planned production for the entire economy is known as
A. aggregate supply. B. aggregate demand. C. aggregate expenditures. D. aggregate inflation.
Which of the following would likely be considered as a topic of microeconomics?
A. the price of apples B. Gross Domestic Product C. the effects of fiscal policy on the economy D. a nation's unemployment rate
Suppose the production function for a certain device is q = L + 2K. If a neutral technical change has occurred, which of the following could be the new production function?
A) q = L + 5K B) q = 5 ? (L + K) C) q = 2L + 4K D) All of the above are possible.