A pay-as-you-go system
A. has current retirees being paid out of the taxes of current workers.
B. has current retirees being paid out of the taxes of current workers and has a sufficient amount of money on hand currently to pay out all future obligations.
C. has a sufficient amount of money on hand currently to pay out all future obligations.
D. always requires a trust fund.
Answer: A
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Measuring the national income accounts can NOT be helpful in explaining things like:
A. unemployment rates. B. economic booms. C. rates of inflation D. rates of return on a firm’s capital.
If the interest rate is 5 percent, then receiving $1,000 eight years from now is worth more than receiving $700 today
a. True b. False Indicate whether the statement is true or false
College students living off-campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. When they finish school and start careers, their consumption of both goods frequently declines. This suggests that ramen noodles and boxed
macaroni and cheese are: A. inferior goods. B. normal goods. C. complementary goods. D. substitute goods.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3. B. -3/4. C. -1.5. D. -20.