The pay-as-you-go system for the Social Security System entails. ________
A) a transfer of payments from those currently working to retirees
B) taxing the import and export of goods and services into an out of the United States
C) a number of current retirees that exceeds the number of employed individuals
D) issuing additional government debt in the event of budget surplus
A
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Managers (________) may act in their own interest rather than in the interest of the stockholder-owners (________) because the managers have less incentive to maximize profits than the stockholder-owners do
A) principals; agents B) principals; principals C) agents; agents D) agents; principals
Average cost can be thought of as the cost per unit.
Answer the following statement true (T) or false (F)
A salesperson who uses a cash register to record over-the-counter sales should, at the end of each work day, turn over to a supervisor the cash register tape and a corresponding amount of cash.
a. true b. false
The marginal propensity to consume (MPC) is
A. the percentage of real disposable income consumed. B. the percentage of an additional dollar of real disposable income that will go toward additional real consumption spending. C. the percentage of real disposable income saved. D. the rate at which real consumption spending changes over time.