The Social Security system in the United States today is
a. actuarially sound.
b. composed of a private pension fund into which workers have paid and who will withdraw their invested funds upon retirement.
c. currently in no danger of running out of money in the long run.
d. no longer a "pay as you go" system.
d
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Assume a closed economy, perfectly elastic labor supply, and linear technology. Suppose the incremental capital-output ratio (ICOR) is 3, the depreciation rate is 3%, and the gross savings rate is 10%
Use the Harrod-Domar growth equation to determine the rate of growth. What would the gross savings rate have to be to achieve 5% growth? Assuming a perfectly elastic labor supply, state one criticism of this model from an exogenous growth theory viewpoint and another criticism of this model from an endogenous growth theory viewpoint.
Which of the following will not cause a shift in the demand for resource X?
A. A decline in the price of resource X. B. An increase in the price of the product resource X is producing. C. A decrease in the price of substitute resource Y. D. An increase in the productivity of resource X.
Which of the following may NOT serve as a possible chain reaction for either fiscal or monetary policy?
A) G? ? Y? ? C? ? Y? ? C?.... B) T? ? Y? ? C? ? Y? ? C?.... C) M? ? i? ? I? ? Y? ? C?.... D) M? ? i? ? I? ? Y? ? C?....
Disney and Fox must decide when to release their next films. The revenues received by each studio depend in part on when the other studio releases its film. Each studio can release its film at Thanksgiving or at Christmas
The revenues received by each studio, in millions of dollars, are depicted in the payoff matrix above. Which of the following statements CORRECTLY describes Disney's strategy given what Fox's release choice may be? A) If Fox chooses a Thanksgiving release, Disney should choose a Christmas release. B) If Fox chooses a Christmas release, Disney should choose a Thanksgiving release. C) Disney should release on Thanksgiving regardless of what Fox does. D) Both answers A and B are correct.