The Social Security system was founded
A) during the Civil War, to pay pensions for veterans.
B) during the last years of the nineteenth century, as people who had once depended on having a family farm found themselves without a means of support.
C) as the United States began to recover from the Great Depression.
D) in response to concerns that arose during the high inflation of the 1970s.
Answer: C
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During the financial crisis it was proposed that firms be provided with a tax credit for investment projects. Such a tax credit would
a. raise both the interest rate and the real exchange rate. b. raise the interest rate and reduce the real exchange rate. c. reduce the interest rate and raise the real exchange rate. d. reduce both the interest rate and the real exchange rate.
When beneficiaries have to own something, such as farm land or a license, in order to obtain a subsidy,
Refer to the above table. Which of the following statements is correct?
A. The table follows economic principles because in an increasing cost industry, increases in a variable input will lead to increase in output. B. The table does not follow economic principles because in an increasing cost industry, increases in a variable input will lead to decrease in output. C. The table does not follow economic principles because the law of diminishing marginal product predicts that increase in a variable input will eventually lead to an increase in the marginal physical product. D. The table follows economic principles because the law of diminishing marginal product predicts that increase in a variable input will eventually lead to a decrease in the marginal physical product.
As long as economic profits are being earned in an industry, firms will ________ the industry and the supply curve will shift to the ________.
A. enter; left B. exit; left C. enter; right D. exit; right