The United States Social Security system
a. pays benefits in direct accordance to what each individual has paid into the system.
b. has paid the current generation of recipients less in benefits than it paid in payroll taxes.
c. has paid the current generation of recipients more than it paid in payroll taxes.
d. paid the earlier generations more and the current generation less than each paid in payroll taxes.
c
You might also like to view...
The official unemployment rate disguises the extent of the unemployment problem because: a. children are not counted as unemployed
b. retired persons are not counted as unemployed. c. full-time students are not counted as unemployed. d. discouraged workers are counted as unemployed. e. people overqualified for their current job are not considered unemployed.
If a firm has a capital stock of $50,000 and employs 200 workers, its capital-labor ratio is
a. $1/250 b. 4 percent c. 250 percent d. $10,000,000 e. $250
Although central banks are responsible for foreign-exchange policy, they have no power to intervene in exchange rate markets.
a. true b. false
The optimal amount of studying is determined by comparing:
A. total benefit and the total cost of studying. B. marginal benefit and the total benefit of studying. C. marginal benefit and the total cost of studying. D. marginal benefit and the marginal cost of studying.