If the Social Security program was privatized,
A. Individuals would essentially make contributions to their own pension fund.
B. Income inequalities would definitely decrease.
C. The system would be financed on a pay-as-you-go basis.
D. Work disincentives for younger workers would definitely increase.
Answer: A
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If the unemployment rate increases from 4 percent to 10 percent, then the economy is mostly likely in a(n):
A. expansion. B. boom. C. aggregation. D. recession.
A macroeconomic model obeys the "natural rate hypothesis" by incorporating
A) the assumption of nominal wage stickiness. B) a vertical LAS curve. C) imperfect information. D) a vertical AD curve.
An industry has 1000 competitive firms, each producing 50 tons of output. At the current market price of $10, half of the firms have a short-run supply curve with a slope of 1; the other half each have a short-run supply curve with slope 2
The short-run elasticity of market supply is A) 1/50 B) 3/10 C) 1/5 D) 2/5 E) none of the above
Evidence shows that children from poor communities typically have:
A. increased opportunities to acquire human capital. B. reduced opportunities to acquire human capital. C. equal opportunities to acquire human capital, but choose not to acquire as much on average than others. D. equal opportunities to acquire human capital, and choose to acquire more on average than others.