Social Security is a mixture of distinct programs; each has a different source of funding
Indicate whether the statement is true or false
F
You might also like to view...
Which of the following is true of a simultaneous move game?
A) Players choose their actions after knowing the action of the first player. B) All relevant benefits and costs of each action are taken into account. C) It involves strategic interactions among a large number of players. D) This game cannot be represented by a payoff matrix.
Professor Rush decides to quit teaching economics and opens a shoe store out at the mall. He gave up an annual income of $50,000 to open the store. A year after opening the shoe store, the total revenue for the year was $200,000
Rush's expenses were $30,000 for labor, rent was $18,000, and utilities were $1,200. He also had to purchase new shoes from manufacturers, at a cost of $60,000, which was financed by cashing in his savings of $60,000 that had been in a bank earning 8 percent per year. The normal profit from operating a shoe store in the mall is $20,000. Determine Professor Rush's total cost and economic profit.
How do firms and households interact within the context of the circular flow model?
What will be an ideal response?
If the price level falls as real GDP decreases, the multiplier effects of any given change in aggregate expenditures are smaller than they would be if the price level remained constant
a. True b. False Indicate whether the statement is true or false