The most common form of "forced savings" in the U.S. is:
A. Medicare.
B. unemployment insurance.
C. Social Security.
D. FICA.
Answer: C
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A common misconception about supply is that
A. supply depends on many other variables B. price is a major determinant of quantity. C. it is a fixed amount. D. quantity cannot be determined in advance. E. All of these responses are correct.
The production possibilities frontier is a graph showing the
A) exact point of greatest efficiency for producing goods and services. B) tradeoff between free lunches. C) maximum combinations of goods and services that can be produced. D) minimum combinations of goods and services that can be produced. E) resources available for the economy's production use.
All of the following are benefits of securitization EXCEPT
A) risk sharing. B) reduced interest rates that borrowers pay on loans. C) increased liquidity. D) fewer adverse selection problems.
Even though households may have unlimited wants, they have to allocate their spending carefully because they
a. do not want their credit card bills to be too high b. worry about their taxes c. have limited intelligence d. have limited incomes e. basically want to become wealthy