During the last two decades, most of the surplus generated by the Social Security system was
a. used to finance current government expenditures.
b. invested in government bonds that will make it possible for the federal government to pay future retirement benefits without an increase in federal taxes.
c. used to pay down the national debt.
d. invested in bonds offered by foreign governments and businesses that will provide a stream of future income for the finance of retirement benefits.
A
You might also like to view...
The subprime financial crisis caused a recession because of the ________ in adverse selection and moral hazard problems and the ________ in housing prices
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
In the above figure, the line labeled "MRPL" also represents the firm's
A) supply curve. B) marginal physical product curve. C) total physical product curve. D) demand curve.
The monopolistically competitive firm in short-run equilibrium
a. faces a downward-sloping demand curve. b. has a marginal revenue curve which lies below its demand curve. c. maximizes profit where MR = MC. d. All of the above are correct.
The discovery of new natural resources will cause
A. the economy to move closer to the production possibilities curve. B. an upward movement along the curve. C. the production possibilities curve to shift up and to the right. D. the curve to shift back and to the left.