The income transfers that a person receives from Social Security
A) is not related to the amount that they have contributed.
B) is a yearly proportion of the amount contributed.
C) is the same for everyone whether they contributed to the system or not.
D) depends entirely on the amount received from private pensions.
Answer: A
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The American birth rate in 1860–1910
(a) was kept high by the tendency of immigrant children to have large families. (b) increased steadily. (c) declined, on average. (d) rose dramatically after the Civil War due to the large numbers of immigrants having children in the U.S. to get U.S. citizenship.
When the government's budget deficit increases
a. the government is borrowing less and public savings falls. b. the government is borrowing less and public savings increases. c. the government is borrowing more and public savings falls. d. the government is borrowing more and public savings increases.
The labor force includes
A. All persons over the age 21 who are either working for pay or actively seeking paid employment. B. All persons over the age 21 who are working for pay. C. All persons over the age 16 who are either working for pay or actively seeking paid employment. D. All persons over the age 16 who are working for pay.
Which of the following impacts would economists expect to result from chronic budget deficits?
A. Greater economic efficiency resulting from the abundance of public goods produced. B. Permanently high levels of output and continued economic growth. C. Greater political control over monetary policy. D. Government control of an inefficiently large share of the economy's resources.