The most important source of funding for Medicare is
a. the federal income tax.
b. premiums paid by elders and deducted from their monthly Social Security checks.
c. a 2.9 percent payroll tax paid by all workers, regardless of their age.
d. proceeds from the Medicare Trust Fund.
e. a tax on the health insurance premiums pay by all group plans.
C
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Risk assessment
a. ignores relative risk among environmental goals b. deals with choosing from among alternative risk responses c. assures a fair and equitable risk burden among segments of society d. is concerned with the qualitative and quantitative evaluation of risk
Which of the following relationships correctly identifies the profit maximization condition of a firm in a perfectly competitive market?
A) Marginal cost < Price = Marginal revenue B) Marginal cost > Price = Marginal revenue C) Marginal cost = Price = Marginal revenue D) Marginal cost = Price < Marginal revenue
Minimum-wage laws
a. create frictional unemployment, while firms paying wages above equilibrium to reduce worker turnover creates structural unemployment. b. create structural unemployment, while firms paying wages above equilibrium to reduce worker turnover creates frictional unemployment. c. and firms paying wages above equilibrium to reduce worker turnover both create structural unemployment. d. and firms paying wages above equilibrium to reduce worker turnover both create frictional unemployment.
Which of the following is an example of the life-cycle motive for saving?
A. Jordan sets aside $200 per month in case she has to pay for a new roof for her house. B. Chris keeps $15,000 in a money market account to pay expenses in case he loses his job. C. Pat puts $400 per month in his 401(k) retirement account. D. Gerry and Terry put $2,000,000 in a trust fund that will go to their children when they die.