Social Security benefits could be reduced in each of the following ways except
A) cutting the promised monthly benefit.
B) increasing the retirement age.
C) investing the trust fund in the stock market.
D) reducing the degree to which benefits are adjusted for inflation.
C
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What is the present value of $50,000 to be received after one year, if the market rate of interest is 8% per year?
A) $44,110.98 B) $44,322.87 C) $46,296.30 D) $48,376.21
Use the above table. What percentage of income is received by the poorest 20% of the population?
A) 20 percent B) 13.3 percent C) 11.1 percent D) 7.0 percent
Import quotas are
a. methods for reducing imports by limiting the quantity of goods that can enter the country each year. b. voluntary agreements by exporting countries to limit sales in a foreign country. c. subsidies to foreign producers to encourage them to trade. d. None of these.
Refer to the accompanying figure. The equilibrium price is ________, and the equilibrium quantity is ________.
A. $4; 6 B. $2; 8 C. $8; 6 D. $6; 4