A Social Security system in which payroll taxes that workers and their employers pay in go directly to retirees and other beneficiaries is known as
A. a primary-deficit system.
B. a pay-as-you-go system.
C. an individual-account system.
D. a social-lockbox system.
Answer: B
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In the market for automobile insurance, moral hazard implies that
A) those who are insured might take greater risks. B) those who are uninsured might take greater risks. C) insured and uninsured alike will take greater risks. D) drivers with greater risks are more likely to buy insurance.
Which policy measure makes it unlawful for a registered public accounting firm to provide any nonaudit service to a client contemporaneously with an impermissible audit?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
Human capital theory suggests that everyone's income reflects individual choices about investments in education and training
Indicate whether the statement is true or false
If the market share of the largest firm in the dental insurance field were 20%, then theoretically the highest possible Herfindahl-Hirschman Index in this field would be
A. 400. B. 1,000. C. 2,000. D. 4,000.