Which of the following statements is correct?
A. The Social Security Act requires all employers to insure their workers against industrial accidents and diseases
B. An increase in the degree of income inequality means that the income level of the poor is falling while the income level of the rich is rising
C. Over 90 percent of the workers in the United States are currently covered by Social Security
D. About one-fifth of our population is now classified as living in poverty
C. Over 90 percent of the workers in the United States are currently covered by Social Security
You might also like to view...
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
Regarding the relationship between marginal profit and average profit, which of the following statements is NOT true?
A. If the average profit is rising, the marginal profit figure must be rising. B. If marginal profit is lower than average profit, then average profit must decrease when profit increases. C. If marginal profit is below average profit, the average profit decreases. D. All of these statements are true.
When minority workers gain access to better occupations, they are evenly distributed within each occupational group
Indicate whether the statement is true or false
Any business wanting to attract financial capital must expect to
A) earn a positive economic profit. B) keep implicit costs as close to zero as possible. C) pay a normal rate of return. D) pay a below normal rate of return in order to make a positive rate of return itself.