The retirement poverty problem is that
A. retirement makes people feel poorer because they are not engaged in productive work.
B. without Social Security payments, almost all seniors would be in poverty.
C. many workers are too poor to save for retirement.
D. many retired people live in poverty.
Answer: C
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"If the wage rate paid to one form of labor is twice the cost of another form of labor, the first type of labor must be twice as productive." Comment
What will be an ideal response?
The more narrowly we define a good, the easier it is to find substitutes, and
a. the greater is the number of producers of that good b. the greater is the supply-side response c. fewer consumers therefore wish to purchase the good d. less elastic is the demand for that good e. more elastic is the demand for that good
Refer to the table. When the legal reserve ratio is 30 percent, the monetary multiplier is:
A. 5.
B. 4.
C. 3.33.
D. 2.5.
What does a firm's LRAC curve show? How is it related to the firm's short-run ATC curves?
What will be an ideal response?