Between 1960 and 1995, Social Security benefits:
A. increased from 10 percent to 35 percent.
B. decreased from 35 percent down to 10 percent.
C. increased, decreasing the poverty rate among the elderly from 35 percent down to 10 percent.
D. decreased, increasing the poverty rate among the elderly from 10 percent to 35 percent.
Answer: C
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a. True b. False Indicate whether the statement is true or false
If a price floor is imposed above the equilibrium price in a market, what is the effect?
a. There is no visible effect on the market outcome. b. A shortage results. c. A surplus results. d. The quantity supplied will decrease
For each watch that Switzerland produces, it gives up the opportunity to make 50 pounds of chocolate. Germany can produce 1 watch for every 100 pounds of chocolate it produces. Which of the following is true about the comparative advantage between the
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