In the Social Security system, the tax receipts from today's workers are
A. paid into the federal government's general revenue to be used for any government expenditure.
B. paid into an account in the employee's name and saved and invested for that individual until he or she retires.
C. all paid into Medicare.
D. used to pay benefits to retired and disabled workers and their dependents today.
Answer: D
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What will be an ideal response?
Assume Bryce's budget constraint is represented by line C in the graph shown. Which of the following would cause Bryce's budget constraint to shift to A?
A. Bryce's income increased.
B. Bryce's income decreased.
C. Bryce's preferences for books and movies decreased.
D. Bryce's preferences for books and movies increased.
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The U.S. government will probably return soon to a system of paper money backed by gold
a. True b. False Indicate whether the statement is true or false