Write an essay discussing some of the reasons that federal expenditures for Social Security have increased since 1965.
What will be an ideal response?
Federal expenditures for Social Security have increased since 1965 for several reasons,
including increases in the number of persons entitled to benefits and the introduction of
Medicare and other programs.
You might also like to view...
The aggregate demand curve shows the relationship between short-run equilibrium output and the:
A. inflation rate. B. unemployment rate. C. real interest rate. D. nominal interest rate.
If depository insurance exists, bank managers may make riskier loans than they would have otherwise, which is an example of
A) adverse selection. B) regulatory lag. C) irrational behavior. D) moral hazard.
If a natural monopoly is broken up into many smaller firms then
A) the price will decrease. B) the average total costs of production will increase. C) efficiency will increase. D) None of the above because it is illegal to break up a natural monopoly into smaller firms.
The oldest hamburger chain in the United States is White Castle, which was founded in 1921 . Most of their restaurants in the early days were located in urban areas. In the 1950s they lost much of their business to McDonalds and Burger King
They were slow to respond in building restaurants on highways and in suburbs. How did the advent of the highway system in the 1950s alter residential location patterns and how might this have affected the marginal revenue product of burger chains in both urban and suburban areas. Why did sales drop off in the urban areas where White Castle had earned its initial success?