Every economic choice has an opportunity cost
a. True
b. False
Indicate whether the statement is true or false
True
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We are assuming that returns to scale are
A) scalable. B) constant. C) increasing. D) zero.
A problem with third-party financing of so much of health care is that
A) it reduces the quality of health care received by most people. B) it discourages physicians from getting second opinions and running enough tests to be sure the right procedure is followed. C) it causes the demand for medical services to increase, which causes health care costs to increase. D) it discourages people from relying on the judgments of physicians in making decisions about health care.
Which of the following about Social Security is true?
a. All of the current revenues flowing into the Social Security system are needed for benefit payments to current retirees. b. If the Social Security surplus was used to pay down the privately held federal debt, this would reduce future taxes and, thereby, make it easier to deal with the retirement of the baby boomers. c. During the 1980s and 1990s, most of the social security surplus was used to reduce the national debt. d. When the Social Security surplus is used to cover the current operating expenses of the federal government, it will make it easier for future taxpayers to provide promised Social Security benefits to baby boomers.
How did CDS' contribute to the financial crisis of 2007-2009?
What will be an ideal response?