For the period from 2030 through 2085, the annual deficits of Social Security (in present value terms)
A. increase from approximately $350 billion per year to nearly $1 trillion per year.
B. run approximately $12 billion per year.
C. run approximately $3 trillion per year.
D. run approximately $0.
Answer: A
You might also like to view...
A decrease in the price of a complement in production leads to
A) no change in the supply of the good in question. B) an increase in the supply of the good in question. C) a decrease in the supply of the good in question. D) a decrease in the quantity supplied of the good in question. E) an increase in the supply of the good in question and a decrease in the quantity supplied of the good in question.
Over coffee in the cafeteria Susan stated that the university should be run like a profit- seeking corporation. Sam correctly pointed out that she had made a ____________ statement, as Professor McSnerd had described in their economics class
a. ceteris paribus conjunctive b. normative c. macroeconomic d. positive e. microeconomic
Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.
If the market supply curve is given by S1, then in the long run firms will:
A. exit the market, leading the market supply curve to shift out to S2. B. enter the market, leading the market supply curve to shift out to S2. C. neither enter nor exit the market, so the market supply curve will remain at S1. D. enter the market, leading the market supply curve to shift out to S3.
The term "market" in economics refers to
A) a place where money changes hands. B) a legal institution where exchange can take place. C) a group of buyers and sellers of a product and the arrangement by which they come together to trade. D) an organization which sells goods and services.