The creation of the Social Security program had no impact on the labor force participation rate because people are not interested in working past the age of 65.
Answer the following statement true (T) or false (F)
False
The marginal tax rate imposed on retirees who choose to work part-time involves them giving up some Social Security benefits, thereby discouraging labor force participation.
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The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in game of whether or not to advertise. After each player chooses his or her best strategy and sees the result
A) only Bob would like to change his decision. B) neither player would be willing to change his or her decision unless the other player also changes his or her decision. C) if Jane does not change her decision, Bob would like to change his. D) if Bob does not change his decision, Jane would like to change hers.
If the demand for KFC chicken is price elastic, a fall in the price of KFC chicken will raise the total revenue
Indicate whether the statement is true or false
The balance of payments is an accounting statement known as a:
a. trial balance. b. depreciation account. c. balance sheet. d. trade account. e. reconciliation statement.
If in a fiscal year, the outlays > incomes
What will be an ideal response?