A fully funded plan requires
A. you to pay for your dinner as you go to the table to eat.
B. current working citizens to pay for current retired citizens.
C. no taxes since current workers pay for current retirees.
D. retirees to be paid from accounts that have accumulated with interest over their working
lives.
D. retirees to be paid from accounts that have accumulated with interest over their working
lives.
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Explain why there is nothing predetermined about the relationship between time and progress in technology that would make Moore's Law into an actual law
What will be an ideal response?
If you lend a dollar for a year and at the end of the year the price level has risen by 10 percent
A) the purchasing power of your loan has risen over the year regardless of the interest rate at which you lent it. B) the purchasing power of your loan has remained constant over the year regardless of the interest rate at which you lent it. C) you must have earned a nominal interest rate of 10 percent to maintain the purchasing power of your loan. D) you must have earned a nominal interest rate of 5 percent to maintain the purchasing power of your loan.
The table above gives a firm's total product schedule. Suppose labor is the only variable factor of production. The price of labor is $500 per week and total fixed costs are $600 per week. What is the total cost of producing 70 units?
A) $1,700 B) $1,900 C) $2,100 D) $2,300
If the marginal rate of substitution of X for Y is 2, the price of X is $3, and the price of Y is $1, a utility-maximizing consumer should
A. prefer 3Y to 1X. B. be indifferent between 1X and 2Y. C. choose less X and more Y. D. choose more X and less Y.