Social Security, like other governmental programs, alters individuals' decisions to save, consume and invest privately for the present as well as the future
Indicate whether the statement is true or false
True
You might also like to view...
If the monthly unemployment rate increase mentioned in the Application wound up being a permanent and not temporary change, the best economic decision by the committee would most likely be to
A) decrease the money supply to stimulate the economy. B) not change monetary policy. C) decrease the money supply to slow the economy down. D) increase the money supply to stimulate the economy.
The gravity model suggests that over time
A) trade between neighboring countries will increase. B) trade between all countries will increase. C) world trade will eventually be swallowed by a black hole. D) trade between Earth and other planets will become important. E) the value of trade between two countries will be proportional to the product of the two countries' GDP.
A business executive who buys a portable computer so that she can work on airplanes is trying to reduce the cost of traveling
a. True b. False
In a market operating along the production possibilities curve, which of the following is inevitable if the production of one of the goods is increased?
a. inefficiency b. labor shortage c. unemployed resources d. less of other goods must be produced