Ultimately, the real burden of paying for Social Security benefits will be paid for by
A) taxes levied on workers.
B) Social Security trust fund bonds.
C) new federally issued Treasury bills.
D) a new tax levied on businesses.
A
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The following data relate to the supply schedule of a product.PriceQuantity Supplied$51001020015250203002535030500Using the regular percentage change formula, what is the price elasticity of supply when price decreases from $20 to $15?
A. 1 B. 0.45 C. 0.2 D. 0.67
Unemployment normally arises when:
A) labor markets are frictionless. B) wages are above the market clearing wage level. C) wages are below the market clearing wage level. D) wages are equal to market clearing wage level.
A shift in tastes toward American goods ________ net exports in the U.S. and causes the IS curve to shift to the ________ in the U.S., everything else held constant
A) decreases; right B) decreases; left C) increases; right D) increases; left
The point where the sum of the external and decision-making costs is minimized is _____
a. unanimity b. Pareto efficient c. simple majority rule d. the optimal collective decision rule