Since 1950, the labor force participation rate of older Americans has primarily

A. Decreased because of the low marginal tax rate implicit in the Social Security system.
B. Increased because of the high marginal tax rate implicit in the Social Security system.
C. Increased because of the low marginal tax rate implicit in the Social Security system.
D. Decreased because of the high marginal tax rate implicit in the Social Security system.


Answer: D

Economics

You might also like to view...

Rank the following goods from least to most elastic: school, prep school, Purebred Prep School

A) School, prep school, Purebred Prep School B) Prep School, school, Purebred Prep School C) Prep School, Purebred Prep School, School D) Purebred Prep School, Prep School, School E) None of the above.

Economics

The economy reaches full employment when the unemployment rate equals zero

a. True b. False Indicate whether the statement is true or false

Economics

When private ownership rights are well-defined and enforced, owners of physical assets and resources will have an incentive to do which of the following?

What will be an ideal response?

Economics

The so-called "rule of reason", based on the 1920 U.S. Steel case, stipulates that a merger of two firms in an industry is:

A. Illegal if the firms are large B. Illegal because it increases the monopoly power of the resulting firm C. Legal if there is no resulting unreasonable restraint of trade D. Legal because the firm will be subject to regulatory control

Economics