List the three programs that are part of the Social Security system
What will be an ideal response?
(1.) The Old Age and Survivors Insurance (OASI) program.
(2.) The Disability Insurance program.
(3.) The Health Insurance program (Medicare).
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If currency depreciates,
A. net exports rise and the aggregate demand curve shifts inward. B. net exports rise and the aggregate demand curve shifts outward. C. net exports fall and the aggregate demand curve shifts inward. D. net exports fall and the aggregate demand curve shifts outward.
When a tax is placed on the buyers of lemonade, the
a. sellers bear the entire burden of the tax. b. buyers bear the entire burden of the tax. c. burden of the tax will be always be equally divided between the buyers and the sellers. d. burden of the tax will be shared by the buyers and the sellers, but the division of the burden is not always equal.
Refer to the accompanying figure. Moving from demand curve D2 to demand curve D1 could be caused by a(n):
A. increase in the product's expected future price. B. increase in the price of a substitute. C. increase in quantity supplied. D. increase in the price of a complement.
The table below gives the quantities and prices for 2010 and 2015 for an economy that produces just two goods: sailboats and coconuts. Quantity producedPrice 2010201520102015Sailboats1020$500$525Coconuts2,0002,400$1$2For this economy that produces just sailboats and coconuts, and with 2010 is the base year, nominal GDP was approximately ________ times larger in 2015 than it was in 2010.
A. 1.77 B. 1.34 C. 2.19 D. 1.65