Social insurance programs are event-conditional.
Answer the following statement true (T) or false (F)
True
A social insurance program such as Social Security is event-conditional, meaning once you reach a specified age and have met the other criteria such as years of work, you automatically become eligible for it.
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Refer to the scenario above. If the rules of the gamble are changed such that in the case of heads, the individual wins $100, and in the case of tails, the individual loses $50, the expected value of the gamble changes to:
A) $0. B) $25. C) $50. D) $75.
The expenditure approach to measuring U.S. GDP equals _________
A. the sum of U.S. consumption expenditure and U.S. investment B. U.S. government expenditure minus taxes paid by Americans C. all expenditure on final goods and services produced in the United States in a given time period D. all expenditure by Americans on goods and services produced in the United States in a given time period
Don worked as a machinist all his life, and was recently laid off because his plant closed and the jobs were outsourced to India. There don't seem to be any machinist jobs in the area anymore. Don would be considered:
A. frictionally unemployed. B. structurally unemployed. C. real-wage unemployed. D. Don is a discouraged worker.
Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a homogeneous oligopolist in a highly concentrated industry?
A. Kellogg's. B. Pittsburgh Plate Glass. C. Ford Motor Company. D. Starbucks Coffee.