Which of the following is the primary reason for the current and impending shortfalls in Social Security funding?
A. Massive increases in Social Security retirement benefits.
B. Reductions in payroll taxes used to fund Social Security.
C. Baby boomers moving into retirement age in large numbers.
D. High unemployment rates among Millennial workers.
Answer: C
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Explain how the S-curve reflects the typical nature of complementarities?
What will be an ideal response?
If the rate of inflation is 5 percent and the real interest rate is 3 percent, the nominal interest rate should be
A) 1 percent. B) 2 percent. C) 8 percent. D) -2 percent.
Suppose a cost function is TC = Aq3 + bq2 + cq + d. Then the total fixed cost is
a. Aq2 + bq + cq +d/q b. Aq2 + bq + c c. Aq3 + bq2 + cq d. d
Refer to the table representing Darcy's bank account. Assuming that $1,000 was deposited into her account at the beginning of year 1, and no further deposits or withdrawals were made, how much interest would Darcy receive in Year 2 only?
A. $60.
B. $63.60.
C. $120.
D. $123.60.