In the United States
a. only those who have made previous contributions to the program are entitled to receive the benefits of social insurance programs
b. anyone with children is entitled to receive the benefits of social insurance programs
c. anyone over 65 is eligible to receive the benefits of social insurance programs
d. all taxpayers are eligible to receive the benefits of social insurance programs
e. all poor families with children are eligible to receive the benefits of social insurance programs
A
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The principal-agent problem:
A. is when the principal has more information than the agent. B. is when the agent is tempted to put in more effort than the principal would like. C. is commonly seen in the employer-employee relationship. D. is when the principal and agent have the same objectives.
Borrowers:
A. gain from inflation, as the value of their debt decreases. B. lose with inflation, as the value of their debt decreases. C. gain from inflation, as the value of their debt increases. D. lose with inflation, as the value of their debt increases.
If the economy adds to its inventory of goods during some year:
a) gross investment will exceed net investment by the amount of the inventory increase. b) this amount should be ignored in calculating that year's GDP. c) this amount should be subtracted in calculating that year's GDP. d) this amount should be included in calculating that year's GDP.
Which of the following will enable a nation to obtain a combination of consumer goods and capital goods outside its production possibilities curve?
What will be an ideal response?