Two completely different options for reforming Social Security are __________and __________
a) Public assistance; prefunded system
b) Privatization; prefunded system
c) Federal unemployment tax; defunded system
d) Polarization; defunded system
Answer: B
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Gross National Income (GNI) refers to
A. the overall output of the economy, including imports and exports. B. the value of imports minus exports. C. the relative price levels and cost of living across states. D. the measure of national affluence.
Free-market systems differ from command economies as in free market systems, ________
A. the central government allocates all economic resources and makes most investment decisions B. the markets do not determine the prices of products C. the government has control over all important businesses and productive industries D. the government is more concerned about economic inequality and redistribution E. the central government has minimal intervention in the economy
The cash-poor Texas government originally paid for the extension of the railroad with what resource?
a. barrels of oil b. water resources c. cattle d. land
An increase in the use of ______ by the federal government led to greater cooperation and decentralization between states and the federal government.
A. unfunded mandates B. health care subsidies C. categorical and block grants D. bicameral strategies for policy development