Social Security is paid for by an earmarked payroll tax
a. True b. False
a
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In a balance of payments statement, the current account plus the financial account must equal the capital account
Indicate whether the statement is true or false
In the short run, a perfectly competitive profit maximizing firm that has not shut down
A) is operating on the downward-sloping portion of its AVC curve. B) is operating at the minimum of its AVC curve. C) is operating on the upward-sloping portion of its AVC curve. D) is not operating on its AVC curve. E) can be at any point on its AVC curve.
Conditional cash transfer programs are programs in which:
A. financial support is given only to people who have paid into the program for a minimum amount of time. B. financial support is given only to people who engage in certain actions. C. financial support is given only to people who agree to pay it back at reduced interest to the government in the future. D. None of these is true.
If the stock of physical capital (that is machinery, equipment, etc.) and human capital remain the same and the population increases, then
A) labor productivity will increase. B) labor productivity will decrease. C) the standard of living will increase. D) the new labor will be more productive. E) real GDP decreases.