For the period from 2030 through 2085, the annual deficits of Medicare (in present value terms) run approximately
A. $0.
B. $200 billion per year.
C. $50 billion to $100 billion per year.
D. $3 trillion per year.
Answer: B
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The elasticity of any demand curve is the same as its slope.
Answer the following statement true (T) or false (F)
Ways to "game" the budgeting process include
a. delaying sales if just short of a target b. accelerating expenses if just short of a target c. delaying sales once a target is met d. delaying expenses costs once a target is met
Suppose laid-off workers and other qualified unemployed workers offer to work for less than the wages being paid existing employed workers, but employers do not hire these workers for fear that existing workers will refuse to cooperate with them. This
situation best describes the: A. efficiency wage theory. B. theory of compensating wage differentials. C. insider-outsider theory. D. rational expectations theory.
The marginal social benefit of pollution is the incremental benefit to society from producing one more unit of pollution.
Answer the following statement true (T) or false (F)